question archive Suppose a country has a long history of protecting property rights, promoting the rule of law, respecting democratic institutions, and a relatively low level of corruption in government and the private sector
Subject:BusinessPrice: Bought3
Suppose a country has a long history of protecting property rights, promoting the rule of law, respecting democratic institutions, and a relatively low level of corruption in government and the private sector. Then a new leader takes over and implements rules and behaviors that break away from all of these traditions. In particular:
(A) property rights become less protected,
(B) the rule of law no longer functions properly,
(C) democratic principles suffer a decline,
(D) corruption increases.
Cross country evidence may or may not suggest how each of these 4 changes could affect this economy's performance. For each of these 4 changes separately (identified using letters A, B, C and D) clearly and carefully describe the evidence (or state there is no relevant evidence) on how the change may affect the economy.