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A Holistic Approach For Promoting The Rule Of Law

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Chapter Summary

The world has become smaller as a result of globalization tendencies, making the establishment of a global order more important than ever. Nations have become closer. In order to stabilise this global order, also intra-state relations must be subjected to the protection of the law. The rule of law has thus become a central element of successful globalisation on two different levels. The link between these two levels is based on the idea that a country with an intact legal system is more likely to accept the international legal order, and that countries that disrespect the law internally, are less likely to comply with an international legal system. The essential function of laws is to enable transactions and changes to take place according to fair and transparent rules, and thus protect participants from arbitrariness.

Keywords: globalization; rule of law



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