Economic development and Rule of Law

Here's an interesting article on a driving force of economic success: the rule of law.

According to the study it's the social institutions - the rule of law - that create more value in an economy than the actual hard resources present.

So what? If the rule of law is central to a productive economy, the focus of aid to developing countries should be tied to strengthening the rule of law. As Colin Powell would say - it's a force multiplier. Working hard in a corrupt system doesn't pay, working hard under the rule of law does.