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Estrada Cabrera's strong rule gave Guatemala internal peace and some economic improvement.
China does not have a strong rule of law, and enforcing contractual rights in courts can be quite difficult.
Strong rule of law and governance decreases risk, making commercial investments in those markets more attractive and safer and creating an enabling environment for responsible business growth.
Trevor Davies, executive director of KPMG's International Development Assistance Services (Idas), said this was because of economic diversification, a strong rule of law, and educational opportunities.
Let's begin with the most obvious incorrect prediction, namely that passage of a strong rule (a Title II rule in telecom jargon) would be politically impossible.
The absence of a strong rule of law, in his view, is "one of the principal reasons why poor countries can't achieve higher rates of growth".
Similar(13)
Large numbers of young Russian lawyers are moving to London, where they are learning modern commercial law procedures in a strong rule-of-law environment.
Strong rules would tamp down risk.
Is Mr. Lew pushing for strong rules?
Without strong rules, scores were settled with swinging sticks and flying fists.
Even strong rules are of little use if they are not fully enforced.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com