Governance in developing countries is also an important indicator of financial health, as markets influenced by weak institutions and a loose rule of law lead to a low level of investor confidence and reduce profitability and efficient performance.
We can conclude that, in high-income economies, a reinforcement of the rule of law leads to a win win situation, where stronger institutions increase the levels of income and vice versa, with pollution reduction generated by institutional stringency and high income.
Higher income implies better institutional quality (Eq. 2 in Table 4), while a stronger rule of law leads to a higher degree of GDP per capita (Eq. 1 in Table 4) and a lower level of pollution (Eq. 3 in Table 4).
The absence of this global rule of law led to the financial crisis of 2008 because capital streams could flow too freely.
When revelations of corruption actually embolden the application of the rule of law and lead to sanctions, those tangible results can energize further civil society engagement in the fight against corruption.
And in reducing Duch's sentence by 16 years, some will argue, the tribunal was attempting demonstrate the rule of law and lead by example — in a country where thousands of citizens are illegally detained.
ZINC database was prefiltered according to rules of lead-likeness; most notably, it was forced for potential inhibitors to possess at least one ring structure with the aim to restrict flexibility of the molecule and make it more synthetically accessible.
The lack of rule of law has led to autocratic leadership in Venezuela, Bolivia and, until Alberto Fujimori's recent resignation, in Peru as well.
The rule of law enforcement leads to an increase in income that brings about higher pollution in early stages of economic development.
Without capital, freedom, democracy, and the rule of law do not lead to real change.
