ABSTRACT
This chapter shows how rule of law-I and rule of law-II occur in different ways in the world today. It is important to examine a few of the major theories about the interaction between economics and politics insofar as they pertain to the institutional foundations of the operations of capitalism. First, new institutional economics argues that economic institutions greater for economic outcomes, such as economic growth being promoted, especially by rule of law and sanctioned institutions that deal with economic freedom. One may employ the massive World Bank Governance project to map the extent of rule of law in various countries. The typical global association between economic advances and rule of law-I is weaker in the ASEAN+3 region than in other regions of the world. Protecting mankind has always constituted a major objective for idealist scholars in international relations.
