Since the emergence of representative democratic states, national sovereignty is based on the rule of law and the sovereignty of the people: sovereignty is exercised by the people through democratic representative institutions, with a limited use of instruments of direct democracy. Consequently,...

In the future there will be a global growing demand for long-term investment, both in mature and in emerging countries, to finance infrastructure, innovation, education, growth, environmental programs. Mature economies will also need to increase their share of long-term investment to exit from...