Rule of law defined as O 1) an environment in which well-connected unscrupulous business people use corrupt political systems to their advantage in order to obtain preferential treatment from government 0 2) environment in which property rights and contracts are respected and administered fairly and transparently, without favoritism O 3) a conjecture that poor countries will remain poor since they do not have sufficient resources available to make the investments in capital which are necessary for economic growth 0 4) None of the above is true