“Economists say what needs to be done and it is up to the legal profession to figure how to do it”. Former ASEAN Sec. Gen. Rodolfo C. Severino citing a maxim
Harmonization of laws, as a field of academic study, is normally viewed from a comparative laws perspective wherein the purpose is to determine which country’s legal rules offer or express the “better standard.” This better standard will then be used as the basis for the harmonized rules. Comparative legal studies, however, assume that the points of comparison have already been established, that the areas and issues of law on which the laws of two countries differ have already been identified.