Country Quote by Joseph Stiglitz
“For 60 years, since World War II, we have been trying to create a rules-based system, a global economic system. We understand that what makes our economy function is what we call the rule of law, and what is true domestically is also true internationally. It is important to have rules by which we govern our relations with other countries.”
About This Quote
Source Speech: Economic Forum, 2023
The rule of law underpins both domestic and international economies; stable legal frameworks enable predictable trade and cooperation.
In simple terms: Law creates stable economies
Key Takeaway
Support strong legal institutions globally
Themes
law
economics
global governance
trade
Mood
analytical
concerned
Type
policy
explanatory
When to use this quote
- government negotiations
- trade agreements
- development planning
Key Concepts
rule of law
international relations
policy making
Questions to Reflect On
- How can weaker nations strengthen rule of law?
- What mechanisms ensure fair enforcement?
A Different Perspective
Legal systems can be unevenly enforced
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