An Open Legal System with Effective Rule-of-Law

  • Oleh Havrylyshyn
  • Nora Srzentić
Part of the Palgrave Studies in Economic History book series (PEHS)


That the rule-of-law (ROL) is one of the important institutional elements in promoting economic growth is widely agreed, but defining ROL concisely leads to many variations and disagreements. It is beyond our scope to attempt to resolve these differences, but for clarity we propose to set out one such definition from the World Justice Project which appears most useful as a framework relevant to the central thesis of our book concerning the early existence of “good” institutions favourable to commerce and social harmony in Ragusa.1


Legal Document Verbal Abuse Social Stratum Social Harmony Level Playing Field 
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Copyright information

© Oleh Havrylyshyn and Nora Srzentić 2015

Authors and Affiliations

  • Oleh Havrylyshyn
  • Nora Srzentić

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