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Politics : Formerly About Applied Materials

AMAT 259.36

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To: Brian Sullivan who wrote (69722)	4/11/2003 2:30:43 PM
From: Sun Tzu	Read Replies (1) of 70976

One of the Morgan Stanley research guys once did a study on former colonies. His conclusion was that the British colonies that did well was because the British imposed a rule of law there. This is to say they taught the natives that cases should be decided on their own merits rather than what the king says (of course this applied only to judging between two natives and the Brits themselves were above the crowd). The countries that kept this rule of law (India, Singapore, HK) progressed. Those who did not fell apart. The conclusion was that before you invest in the developing world, rule number one must be to see how strong is the rule of law (rather than counting on stability and natural resources).

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