Constitutional regimes based on the empire of the law are in turn more likely to experience financial revolutions that include both foreign investment and internal capital formation. A
Constitutional systems that uphold the rule of law tend to foster environments conducive to financial revolutions. These revolutions often manifest through increased foreign investment and the development of internal capital. Such regimes create a stable climate that encourages economic growth and the mobilization of resources.
Niall Ferguson's book "Colossus" explores how these constitutional frameworks not only attract capital from outside but also enable countries to generate their own. This dynamic interplay...
