As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.
“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.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.