That is, it tends to be bigger and that is because less developed countries have less developed securities, regulation and laws, and traditions.
也可以说,银行体系势必会更加庞大,因为欠发达国家,没有完善的证券系统,法律法规和历史经验
We are not in a country that mandates theology in terms of its constitutional law or its governance, you never gonna have the institutionalization of 5 daily prayers and things like that, people would be penalized.
我们所在的国家并没有将宗教,写进宪法或者法律法规里,你永远不会将每天五次祷告之类的事情,形成制度规范,这对人们不公。
The first rule of any state is the rule that citizens are not free to set aside the rules, to choose among them which ones to obey and to disobey.
任何国家的第一条法规,永远是公民不能自由地逍遥法外,选择他们想要,服从与违抗的法规。
They found, not surprisingly, that it tends to--mutual funds have been growing more rapidly in countries that have stronger securities laws and institutions, especially laws that protect individual shareholders rights.
他们发现,那些共同基金发展较迅速的国家,都拥有比较健全的证券法规和完善的证券制度,其中保护个人股东权利的法律尤为完善
No state can exist without rules.
没有国家可以无法规而存在。
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