Abstract
Nations aspire to achieve greater progress based on the combination of human, natural and institutional capital. The purpose of this paper is to analyze the fundamental theories on the role of the rule of law and how it relates to development. The hypothesis put forward is that a normative framework is required that must be respected by all. The method used is primarily descriptive and the data are from the Rule of Law Index and the Latinobarómetro Survey. The Rule of Law indicators consistently show that citizens, in general, achieve higher levels of well-being when there is adherence to the rule of law, which is consistent with what is established by theory. It concludes by pointing out the importance of favoring consistent policies and practices that should transcend the political and ideological level. The paper is structured as follows: the first part is a review of the literature; the second part highlights the methodology and data used; the third part deals with the discussion; finally, the conclusions of the case are presented.
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