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Impact of Rule of Law:

RULE OF LAW & DEMOCRACY

The ancient Greek philosopher Aristotle stated succinctly that “Law should govern.”

In simple terms, democracy focuses on how societies select those who will hold power, while the rule of law is concerned with how political power is exercised.  The underlying premise of rule of law implies that every citizen is subject to and accountable under the law, including law makers and those in government positions.  In this sense, the rule of law seems to encourage governance through democracy created for and by the people, as much as it stands in stark contrast to the concepts of dictatorship, autocracy and oligarchy where those in positions of power and governance conduct their affairs outside and above of the purview of the law. In its truest sense, rule of law governance is called a “nomocracy”, from the Greek nomos (law) and kratos (rule). Today, democracy is the most closely aligned with rule of law governance.

“Human rights, the rule of law and democracy are interlinked and mutually reinforcing and that they belong to the universal and indivisible core values and principles of the United Nations.”  United Nations General Assembly, 2012.

Building democracy and the rule of law may be mutually reinforcing processes. The rule of law is a critical factor for the advancement of democracy, rooted in equal rights and accountability.  By strengthening the rule of law, we protect the rights of all people, advance inclusiveness, and limit the arbitrary exercise of power, which are the cornerstones of modern democracy.

Rule of Law & Ethical Investing

Nations with trustworthy, efficient legal systems, are more likely to attract foreign direct investment (FDI) than nations with troubled legal institutions. In general terms, rule of law improvements spur growth by attracting investors that value the safety, security and protection offered by transparent, just and ethical governments.

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Rule of Law & the Environment

Environmental rule of law helps increase awareness of fundamental rights shared by all, and our obligations to protect those rights for everyone.  Sustainable management of natural resources through the rule of law will lead to increased environmentally balanced development and will enable equitable and peaceful access to our plant’s natural resources for generations to come.

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Rule of Law & Social Development

The Rule of Law Alliance seeks to educate and promote a culture of respect for the rule of law to help lift struggling nations from the yolk of violence and poverty.  Through the advancement of rule of law initiatives, we will work to increase participation under the law, support measures that enhance equality, and help people living at the margins of society gain access to legal assistance and increased economic opportunities.

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Rule of Law & Economic Development

When citizens are treated fairly and with dignity and respect, it creates a culture where commerce and business can flourish and grow.  Democracy, paired with fair and equal application of the law at every level of society and government are necessary for strong, sustained economic growth.

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