SO Musings: Rule of Law
Governance is enhanced to the extent that there exists a functioning and effective rule of law. The rule of law refers not only to the actual content of regulations but, more importantly, to the -institutional process by which rules are made, amended, i..
By Spontaneous Order
Governance is enhanced to the extent that there exists a functioning and effective rule of law. The rule of law refers not only to the actual content of regulations but, more importantly, to the -institutional process by which rules are made, amended, interpreted, and enforced. An effective rule of law is conducive both to democracy and to rational-legal or constitutional legitimacy. Its role in development is to maximize the ease with which private firms and NGOs can assess the legal risks associated with their plans of action, thus maximizing the likelihood that firms and NGOs will be innovative and active. Stability is key to an effective rule of law. But since no system of rules can be literally stable and unchanging in a dynamic environment, the stability must come from an open and predictable process for changing the rules.
Access the full document here.
This article is available in the Handbook on ‘New Public Governance’, a collection of choicest of articles that capture the essence of good governance.
Read more: https://spontaneousorder.in/beef-rule-law/
About Spontaneous Order
A peep into modern Indian history by some of the finest liberal minds, who sought to shred the banality of pseudo-socialism in Independent India. In a country dominated by false political values, which had, in fact, no basis of existence neither in the independence movement or the native soil, SO brings out the dynamics of a political order that could have changed the country forever.