The Rule of Law As a Factor of Economic Development

Abstract

The problem of the interrelation between the economy and law is considered in light of the rule-of-law principle, which is implemented most distinctly in the activity of national and international judicial bodies. It is justified that, under the conditions of general globalizing processes, the correlation between economic and judicial structural institutions becomes even closer, because effective market relations exist only in a legal framework, which provides all interested agents with personal property and nonproperty rights and obligations, including through high institutional and procedural standards in the sphere of justice.

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Correspondence to A. G. Lisitsyn-Svetlanov.

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Original Russian Text © A.G. Lisitsyn-Svetlanov, A.V. Mal’ko, S.F. Afanas’ev, 2018, published in Vestnik Rossiiskoi Akademii Nauk, 2018, Vol. 88, No. 3, pp. 242–250.

RAS Academician Andrei Gennad’evich Lisitsyn-Svetlanov is Chief Researcher of the RAS Institute of State and Law (RAS ISL). Aleksandr Vasil’evich Mal’ko, Dr. Sci. (Law), is Director of the Saratov Branch of the RAS ISL. Sergei Fedorovich Afanas’ev, Dr. Sci. (Law), is a Sector Head of the Saratov Branch of the RAS ISL and Professor in the Department of Civic Process, Saratov State Academy of Law.

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Lisitsyn-Svetlanov, A.G., Mal’ko, A.V. & Afanas’ev, S.F. The Rule of Law As a Factor of Economic Development. Her. Russ. Acad. Sci. 88, 119–126 (2018). https://doi.org/10.1134/S1019331618020028

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Keywords

  • rule of law
  • justice
  • state
  • law
  • economy
  • judicial control
  • European Court of Human Rights
  • Supreme Court of the Russian Federation
  • Economic Court of the Commonwealth of Independent States
  • Court of the Eurasian Economic Union