1932

Abstract

With the enormous expansion of scholarship on this subject, “rule of law” has come to mean different things—ranging from security and order to the operations of courts and the administration of justice. We review the various streams of theoretical and empirical research by academics and practitioners, emphasizing the connections to economic development. The core logic is that security of property rights and integrity of contract underpin, respectively, investment and trade, which in turn fuel economic growth and development. However, property rights and contracts rest on institutions, which themselves rest on coalitions of interests. Formal institutions are important, but, particularly in developing countries, informal institutional arrangements play a significant part as well. These considerations lead us to caution against an exaggerated confidence in the ability of development assistance to implant new institutions for the rule of law.

Loading

Article metrics loading...

/content/journals/10.1146/annurev.polisci.10.081205.100244
2008-06-15
2024-04-24
Loading full text...

Full text loading...

/content/journals/10.1146/annurev.polisci.10.081205.100244
Loading
/content/journals/10.1146/annurev.polisci.10.081205.100244
Loading

Data & Media loading...

  • Article Type: Review Article
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error