Word: anding
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Dates: during 1950-1959
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And here the universities of the world can be of tremendous help in gathering and sifting and harmonizing them into a universal law. A reliable framework of law grounded in the general principles recognized by civilized nations is of crucial importance in all plans for rapid economic development around the...
Law is not a concrete pillbox in which the status quo is armed and entrenched. On the contrary, a single role of law, the sanctity of contract, has been the vehicle for more explosive and extensive economic change in the world than any other factor. The principle that men must...
Whenever it has broken down, commerce, invention, investment and economic progress have also broken down.
One final thought on the rule of law between nations: we will all have to remind ourselves that under this system of law, one will sometimes lose as well as win. But nations can endure and accept an adverse decision rendered by competent and impartial tribunals.
In hundreds of arbitral and judicial decisions over the past 170 years, it has been almost unheard of for one of the parties to refuse to comply with the decision of a tribunal once it has been rendered. This is so, I believe, for one good reason: if an international...