Economic Thought and Development: Institutional Theories.

Does it help decision-makers in poorly performing economies to know that secure property rights are a key feature of successful late developers? The Inherence trap An approach to the interrelation: state-property rights-development "One cannot develop a useful analysis of the state divorced from property rights" We can no longer understand the course of the world without considering the network and the interrelationships in and among the economic, social, and political factors that surround us. Theories …

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