“LexisNexis Legal & Professional today launches an interactive online tool that shows how the rule of law is measured and why it’s important. This first-of-its-kind data tool, the LexisNexis Rule of Law Impact Tracker, quantifies the relationship between rule of law and social and economic development. According to the United Nations, approximately 4 billion people live outside of the umbrella protection of the rule of law. There is growing recognition by lawyers, business people, governments, academics, NGOs and citizens that rule of law is a cornerstone for sustainable global development. The Rule of Law Impact Tracker is a unique way for users to see, in numbers, the impact of advancement of the rule of law… The analysis uses the best available data from the World Bank, Transparency International and the World Justice Project. The World Justice Project’s Rule of Law Index documents countries’ adherence to 44 rule of law indicators in categories including Absence of Corruption, Fundamental Rights, Civil Justice and Criminal Justice. Over 100,000 citizens and experts have been interviewed and 102 countries indexed to date. In 2015, Denmark was the highest ranking country on the Index, scoring 87%. Venezuela ranked lowest, with a score of 32%. The US ranks 19th, scoring 73% and the UK ranks 12th with a score of 78%. The Rule of Law Impact Tracker is a part of the company’s efforts in support of the Business for the Rule of Law (B4ROL) initiative, which was launched by the United Nations Global Compact last year. The B4ROL Framework offers a guide for businesses around the world in taking proactive, voluntary actions to support the rule of law in their everyday operations and relationships as a complement to respecting the rule of law…”
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