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jerryking : independent_judiciary   2

Canada’s real wealth lies in its institutional integrity, not its resources - The Globe and Mail
Canada’s real wealth lies in its institutional integrity, not its resources Add to ...
Special to The Globe and Mail
Published Thursday, Apr. 17 2014

Canada’s wealth, and the reason why the world beats a path to our resources, lies not in the resources themselves. What makes that endowment almost uniquely valuable in the world is that it exists within another vastly more important endowment of rules, institutions and behaviours.

My list of those institutions and behaviours include the rule of law; independent judges and reasonably speedy and reliable resolution of disputes; the enforcement of contract; the absence of corruption among government officials and the police; respect of private property; a moderate, predictable and stable taxation and regulatory burden; a stable currency that keeps its value; responsible public finances; freedom to trade both domestically and internationally; a well-developed work ethic; and a refusal to resort to violence to resolve political disagreements. That is the greatest endowment that we have.

What happens when you nest a rich natural resource endowment inside this endowment of rules, institutions and behaviours? Companies can invest billions of dollars to unlock opportunities, such as the oil sands, reasonably secure in the knowledge that they know the fiscal, regulatory and contractual conditions they will face over a period of years that are sufficient to recoup their investment and make some money.
natural_resources  institution-building  institutions  Canada  independent_judiciary  integrity  political_infrastructure  predictability  property_rights  civics  rule_of_law  institutional_integrity  work_ethic  oil_sands  judiciary  judges 
april 2014 by jerryking
Good leadership is Africa’s missing ingredient
Mar. 04 2013 | The Globe and Mail |Robert Rotberg.

Because so many of sub-Saharan Africa’s 49 countries are preinstitutional, and not yet fully nations, leaders matter immensely, more than they do in the developed world. Leaders call the shots, as they have in most sub-Saharan African countries since independence in the 1960s. They set the ethical tone. If leaders are greedy, as many are, their citizens become more cynical and the quality of governmental discourse suffers enormously.

In Africa and elsewhere, governments are expected by their subjects to provide security and safety, rule of law, open political participation, sustainable economic prospects and a large measure of human development (educational and health opportunities and services).

In states where political institutions are weak, legislatures are subordinate to executives, the media are barely free and the judiciary is subordinate rather than independent, the manner in which leaders behave as presidents and prime ministers is much more decisive than it might be in a fully-formed nation where political institutions work and constrain overweening political executives.

A majority of the countries of sub-Saharan Africa are still controlled by men who are motivated not by what they can do for their people but by what their people can do for them. Such leaders exist to prey on their own citizens, to extract from the body politic corrupt rents and other privileges that benefit the ruler and ruling class, their families, and their cliques or lineages.
leadership  leaders  leadership_development  Africa  CIDA  capacity-building  weak_states  judiciary  institutions  greed  rent-seeking  institutional_integrity  failed_states  ruling_classes  sub-Saharan_Africa  Non-Integrating_Gap  autocrats  misgovernance  predatory_practices  developing_countries  independent_judiciary 
march 2013 by jerryking

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