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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 that have focused on isolated elements have proven to be an incomplete understandi…
- An Analysis of the theories of Neoclassical and Political Economy and the practicality of each.
- Economic Thought and Development: Institutional Theories.
- Microeconomics theory and analysis is useful in understanding and predicting the behaviour of firms and industries. Discuss.
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