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History suggests that as well as property rights and a decent legal system, it requires sound economic policies, an educated workforce and political arrangements capable of regulating conflicts and minimising the risk to investment.
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Indeed, a federal audit this year noted Michigan's charter school law does not include provisions for regulating conflict-of-interest issues.
There is virtually no treaty law regulating conflict in space apart from the 1967 outer space treaty, which states that all uses of outer space must be "in accordance with international law" - implying any warfare should be conducted as it is on Earth.
Breslin lays out and explains the basic functions of a modern constitution including creating a new citizenry, structuring the institutions of government, regulating conflict between layers and branches of government, and limiting the power of the sovereign.
A setback could send shock waves through the recessionary global economy and imperil the umbrella World Trade Organization, which was created six years ago to expand trade and regulate conflicts.
Democrats and Republicans alike are so beholden to accounting-industry money that they scuttled an attempt by Arthur Levitt, the former S.E.C. head, to regulate conflicts of interest in companies like Andersen two years ago.
Instead, the SEC and Goldman settled, with the bank agreeing to pay a record-breaking $550m fine but neither admitting nor denying the charges.The SEC is now trying to regulate conflicts out of existence.
"We favour checks and balances, institutions rather than heroes," says Mauricio Merino, lead co-ordinator of the Accountability Network, a grouping of NGOs that pushed for the legislation.Until secondary legislation is passed to regulate conflicts of interest and specify the powers of the new bodies, it is impossible to say how well the new system will work, says Mr Merino.
Italy needed a new electoral law, and possibly a constitutional amendment to make it less easy to bring a government down without an alternative to put in its place; a law to regulate conflicts of interest; and a framework for devolution, to counter secessionist trends.
He explains why anger was an evolutionary winner, an adaptation designed by natural selection that functions to regulate conflicts of interest, insure good treatment from social partners and avoid outright violence as a first solution to conflict.
In the century prior to the UN's creation, several international treaty organizations and conferences had been formed to regulate conflicts between nations, such as the International Committee of the Red Cross and the Hague Conventions of 1899 and 1907.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com