GLOBALIZATION AND THE RULE OF LAW. SOME WESTPHALIAN DOUBTS

Abstract

In his posthumous work Power and Prosperity, the economist Mancur Olson asked why the economies of many of those countries of the former Soviet Union and other emergent countries that had at last adapted to the theoretical and practical presuppositions of the market economy had not seen themselves, notwithstanding, recompensed with the prosperity that this economic model promises to all those who follow its rules. The core of the answer was in a long paragraph that is perhaps elemental to a jurist but may be original and worth remembering as an innovative thesis in the world of economists.