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An Open Legal System with Effective Rule-of-Law

In: Institutions Always “Mattered”

Author

Listed:
  • Oleh Havrylyshyn
  • Nora Srzentić

Abstract

That the rule-of-law (ROL) is one of the important institutional elements in promoting economic growth is widely agreed, but defining ROL concisely leads to many variations and disagreements. It is beyond our scope to attempt to resolve these differences, but for clarity we propose to set out one such definition from the World Justice Project which appears most useful as a framework relevant to the central thesis of our book concerning the early existence of “good” institutions favourable to commerce and social harmony in Ragusa.1

Suggested Citation

  • Oleh Havrylyshyn & Nora Srzentić, 2015. "An Open Legal System with Effective Rule-of-Law," Palgrave Studies in Economic History, in: Institutions Always “Mattered”, chapter 11, pages 148-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-1-137-33978-2_11
    DOI: 10.1057/9781137339782_11
    as

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