(Almost) any thank-you gift... just $5/month or more! GIVE NOW

Rule of law is essential for the economy, too

Kai Ryssdal and Sean McHenry Feb 20, 2020
HTML EMBED:
COPY
Attorney General William Barr participates in a press conference at the Department of Justice on Feb. 10 in Washington, D.C. Sarah Silbiger/Getty Images

Rule of law is essential for the economy, too

Kai Ryssdal and Sean McHenry Feb 20, 2020
Attorney General William Barr participates in a press conference at the Department of Justice on Feb. 10 in Washington, D.C. Sarah Silbiger/Getty Images
HTML EMBED:
COPY

“Rule of law” is a legal phrase that’s been getting a lot of attention due to President Trump’s controversial interactions with the Department of Justice.

But the concept isn’t just the foundation of the legal system.

“Rule of law and economic growth go hand-in-hand,” said Torrey Taussig, research director at the Harvard Kennedy School’s Belfer Center for Science and International Affairs. “For an economy to develop and prosper, there needs to be the foundation of solid rule of law, and the understanding that the economy is not at the whim of political officials.”

Taussig spoke to “Marketplace” host Kai Ryssdal about what economies look like where the rule of law is weak or works differently than in the U.S. You can listen to the interview using the media player above.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.

It’s a great day to invest in Marketplace at any level!

Donate $5/month or more today to get almost ANY thank-you gift.