If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
Is there non-anecdotal evidence of this that you can share with us?
My understanding is that people make this claim but I haven't seen evidence of it beyond one-off articles about individual professors leaving the country.
"The three academics won the prize mostly for providing causal evidence of the influence of the quality of a country’s institutions on its economic prosperity.
[...] a country that enforces property rights, limits corruption, and protects both the rule of law and the balance of power, will also be more successful at encouraging its citizens to create wealth, and be better at redistributing it."
"Nobel economics prize: how colonial history explains why strong institutions are vital to a country’s prosperity"
https://theconversation.com/nobel-economics-prize-how-coloni...