Rule of law
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
The rule of law is the foundation of the rules to resolve disputes, prevent violence and deter corruption. Weak enforcement and corruption decrease the security of infrastructure investment. An investor would not be attracted to a country with corruption and ineffective means to settle disputes, due to the risk of investment being lost without delivering the infrastructure required to create returns and investors being unable to enforce rights to recover investment from counterparties or the state.