scholarly journals China as a Test Case: Is the Rule of Law Essential for Economic Growth?

2006 ◽  
Author(s):  
Kenneth W. Dam
Keyword(s):  
Economic Growth ◽  
Rule Of Law ◽  
Test Case ◽  
The Rule Of Law

scholarly journals Economic Justice and Judicial Structure

2020 ◽  
Vol 2 (1) ◽  
pp. 25-34
Author(s):  
Olalekan Moyosore Lalude ◽  
Ayodeji Fatehinse
Keyword(s):  
Economic Growth ◽  
Content Analysis ◽  
Rule Of Law ◽  
Economic Justice ◽  
Developing Nations ◽  
Qualitative Approach ◽  
Judicial System ◽  
The Rule Of Law ◽  
Economic Goods ◽  
Effective Distribution

Economic justice is the expression of the effective distribution of economic goods. This could be realized through judicial mechanisms.   Effective judicial systems are the platform on which economic justice can be actualized. There is a positive connection between economic justice and an effective judicial system, and this is usually measured by the rule of law and the level of its regard.  The paper argued that one of the established dysfunctional characteristics of developing nations is the failure of their judicial system to deliver economic justice and the inability of the state to coordinate the integrity of its institutions. This paper employed a qualitative approach in its exploration of the issues. It engaged content analysis in the processing of the arguments it advanced. The paper argued that the resolution of economic justice and other institutional considerations could help in economic growth, especially in Nigeria. The paper concluded by suggesting that judicial structure must be strengthened in order to derive the capacity needed to realize economic justice in Nigeria.

UN Peacekeeping and the Rule of Law

2020 ◽  
pp. 1-18 ◽  
Author(s):  
ROBERT A. BLAIR
Keyword(s):  
Economic Growth ◽  
Rule Of Law ◽  
Good Governance ◽  
Law Reform ◽  
The Rule Of Law ◽  
Un Peacekeeping ◽  
The Impact ◽  
The Relationship

The UN is intimately involved in efforts to restore the rule of law in conflict and postconflict settings. Yet despite the importance of the rule of law for peace, good governance, and economic growth, evidence on the impact of these efforts is scant. I develop a theory to explain when UN rule-of-law reform is likely to succeed, then test the theory using original datasets capturing the number of civilian personnel deployed to each UN mission in Africa, the number of personnel assigned specifically to rule-of-law-related tasks, and the extent and nature of actual rule-of-law-related activities in the field. The correlation between UN presence and the rule of law is weak while conflict is ongoing, but robustly positive during periods of peace. The relationship is stronger for civilian than uniformed personnel, and is strongest when UN missions engage host states in the process of reform.

scholarly journals Rule of Law, Corruption Control, Governance, and Economic Growth in Managing Renewable and Nonrenewable Energy Consumption in South Asia

2021 ◽  
Vol 18 (20) ◽  
pp. 10637
Author(s):  
Haider Mahmood ◽  
Muhammad Tanveer ◽  
Maham Furqan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Rule Of Law ◽  
Political Stability ◽  
Energy Sources ◽  
The Rule Of Law ◽  
Governance Indicators ◽  
Regulatory Quality ◽  
Nonrenewable Energy

Strong governance is vital for developing environmental policies to promote renewable energy consumption and discourage nonrenewable energy sources. The present research explores the effect of economic growth and different governance indicators on renewable and nonrenewable energy consumption in Pakistan, India, Bangladesh, and Sri Lanka using data from 1996 to 2019. For this purpose, the study uses different econometric techniques to find the long-term effects of the rule of law, regulatory quality, corruption control, government effectiveness, political stability, voice and accountability, and economic growth on oil, natural gas, coal, hydroelectricity, and renewable energy consumption. The results show that economic growth has a positive impact on all investigated renewable and nonrenewable energy sources. Additionally, regulatory quality measures also increase all types of renewable and nonrenewable energy consumption. Except for natural gas, the impact of the rule of law is negative, and government effectiveness positively affects all energy sources. Control of corruption has a positive effect on natural gas consumption. Political stability has a negative effect on nonrenewable energy sources and a positive impact on renewable energy sources. The magnitudes of the effects of economic growth and most governance indicators are found to be larger on nonrenewable sources than renewable sources. The testing of the energy consumption and governance nexus is scant in global literature and is missing in South Asian literature. Hence, the study results contribute to how South Asian economies can be more sustainable in energy use by enhancing governance indicators in the economies. Particularly, the results imply that these countries should focus on improving the rule of law, corruption control, governance, regulatory quality, political stability, and economic growth to help maintain a sustainable balance of renewable and nonrenewable energy sources. Moreover, this issue needs further attention in developing countries, as governance indicators would play an effective role in promoting sustainable energy.

scholarly journals The Medieval Cultural and Political Origins of the Industrial Revolution

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Ademar Ribeiro Romeiro
Keyword(s):  
Economic Growth ◽  
Middle Ages ◽  
Labor Productivity ◽  
Rule Of Law ◽  
Industrial Revolution ◽  
Decisive Role ◽  
The State ◽  
The Rule Of Law ◽  
Superior Level ◽  
The Middle Ages

This article argues that cultural and political legacies from the Middle Ages were crucial for the sustained economic growth that led to the Industrial Revolution. The medieval social/political orders had an exceptional openness to innovations (technological, organizational and institutional) when compared to other contemporary civilizations. Such openness was caused by the competition between them, as well as by the existence of multiple organizations independent from the State. The emergence of national states changed the medieval scenario but a legacy of some of its important cultural/institutional features remained and played a decisive role in the forthcoming Industrial Revolution: the Rule of Law, individualism, representative assemblies, the respect for labor and professions (notably the merchants) and the embryo of a culture of economic growth. Also, the legacy of a process of accumulation of capital, which was translated into a superior level of labor productivity when compared to those prevailing in any other civilization until that moment.

scholarly journals Corruption in Kazakhstan: and its impact on the economic development of the country

2020 ◽  
Vol 133 (4) ◽  
pp. 8-13
Author(s):  
M. Abuova ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Public Administration ◽  
Rule Of Law ◽  
The Rule Of Law ◽  
The Republic

Corruption is a serious problem, and not only in developing countries. The fact is corruption interferes economic growth weakens the rule of law and undermines the rule of law institutions. Moreover, it has been studied nationally from the different perspectives of that issue. Recently, a growing number of studies on local corruption and, these recent studies have focused on the corruption and its impact on voters. The report will consider corruption in the system of public administration in the Republic of Kazakhstan and will be focused on the consequences of the corruption on the economy of the country

The Rule of Law and Economic Growth in Ancient Greece

2020 ◽  
Author(s):  
Edward M. Harris
Keyword(s):  
Economic Growth ◽  
Rule Of Law ◽  
Ancient Greece ◽  
The State ◽  
Third Party ◽  
Greek City ◽  
The Rule Of Law ◽  
Weights And Measures ◽  
Hellenistic Greece ◽  
City State

The rule of law was very important for the expansion of markets and economic growth in Classical and Hellenistic Greece. The Greek city-state enforced regulations about weights and measures, ensured peace and order, built infrastructure (agoras, roads and ports), granted foreigners access to courts, gave honours, privileges and protection from seizure (asylia), and concluded treaties with other communities. The state also protected the property rights of individuals and created records to ensure title and to resolve disputes about ownership. Finally, the state created third-party enforcement of contracts, such as lease, sale, lending and borrowing and the accessory contracts of personal security and real security. This allowed economic transactions to expand beyond the narrow confines of family, friends, and neighbours and to expand markets.

Poland-EU constitutional crisis will not end soon

2016 ◽  
Keyword(s):  
Economic Growth ◽  
European Commission ◽  
Rule Of Law ◽  
Content Type ◽  
The Rule Of Law ◽  
Constitutional Tribunal ◽  
The Government ◽  
Polish Government ◽  
The Eu

Subject European Commission concerns about the rule of law in Poland. Significance The Commission has sent a formal Opinion to the Polish government, activating the first stage in the EU's 'Rule of Law Framework'. It expresses concerns about respect for the rule of law in Poland (a fundamental founding value of the EU), and in particular about the Polish government's handling of the crisis over the Constitutional Tribunal (TK, for Trybunał Konstytucyjny) Impacts Poland's EU position is likely to suffer as a result of the dispute, making it more difficult for it to achieve other political goals. Polish politics will remain unsettled and polarised, with the opposition using the Commission's Opinion to challenge the government. Legal uncertainty may translate into lower investment by individuals and enterprises dampening economic growth in the medium-to-long term.

TAXES, GROWTH, EQUITY, AND WELFARE

2006 ◽  
Vol 23 (2) ◽  
pp. 53-72 ◽  
Author(s):  
Richard Vedder
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
Income Distribution ◽  
Private Sector ◽  
Public Goods ◽  
Rule Of Law ◽  
Market Forces ◽  
The Rule Of Law ◽  
Income Data ◽  
Global Reduction

The scholarly literature suggests high or increased tax burdens tend to reduce economic growth, lowering incomes. Some argue, however, that low taxes and high economic growth can have adverse income distribution consequences or can lead to utility-reducing under-consumption of needed public goods. Evidence is presented questioning those assertions. People seek happiness by moving, and tend to migrate to low tax areas. Moreover, there is little evidence that governmental expansion leads to truly greater equality. Appropriately measured, income equality is actually far greater than typically claimed. Moreover, income data suggest that the international equalization of incomes and global reduction of poverty largely reflect private sector activity, namely market forces working where the rule of law and strong protection of property rights prevails.

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