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"It is time to adapt the euro area design with a set of institutions, rules and processes that is commensurate with the requirements of monetary union".
Under those institutions' rules, that cooperation could require approval from the United Nations as long as Iraq is under military occupation.
A smart dictator of a sultanistic regime eviscerates his country's institutions; rules by personal fiat, not by law; and creates a divided society in which sycophancy and corruption are the paths to prosperity.
In this study we examine these different levels to understand the governance system as a whole because there are institutions (rules) and actors on different levels that contribute to the governance process.
We can't comprehend the economics of gender discrimination in the art labor market without investigative reports that pinpoint the institutions, rules and behaviors that promote sexism and racism.
We need markets, he tells us but we have thrived economically over time because "government provided the institutions, rules, safety nets, education, research and infrastructure to empower the private sector to innovate, invest and take the risks that promote growth and jobs".
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He concluded, to use the title of an article he published in 2002, that "Institutions Rule".
What is meant is transparent institutions, rule of law, lack of corruption; in practice, this is often equated with multi-party elections.
I certainly think I should be compensated fairly and symmetrically with my fellow board members, but if my institutions rule otherwise, as they have, I will continue to serve on the board".
They found that countries with sound economic policies (low inflation, a budget surplus and fairly free trade) and good institutions (rule of law, not much corruption, an effective bureaucracy) benefited from aid.
Four days later, however, EU Enlargement Commissioner Olli Rehn stressed that more needed to be done in Albania to foster democratic culture, the independence of institutions, rule of law, and the fight against organized crime and corruption.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com