Chapter 12: Conclusions
In the world today there are more countries that practise some form of democratic politics than ever before, alongside professing an outward respect for the concept of the rule of law. In addition, most countries in the world organize their economies along market lines and most rely on a multiplicity of informal social norms to coordinate daily relationships. At the same time regulatory activity has grown across the world and the principles of regulation are spread internationally by bodies such as the OECD and the Bretton Woods organizations. What however remains in constant flux is the inter-relationship between these different forms of authority.
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