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

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

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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.

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