A Model of a Rule of Law and a Rule of Man: Implications for the Design of Institutions

Ke-Young Chu

No RP2004-65, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Findings of cross-cultural psychology suggest that different approaches to rule enforcement have cultural roots. Individualist societies have established a rule of law, in which rules prevail; collectivist societies have a rule of man, which allows discretionary rule enforcement, which, in turn, is recognized as an obstacle to sustained increases in productive long-term investment in developing countries.

Keywords: Informal sector; Institutional economics (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (1)

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