tag:blogger.com,1999:blog-1068925476569925814.post6709279836602654..comments2024-03-16T23:59:06.983+08:00Comments on Finance Malaysia Blogspot: New Economic Model - Urgent !!!Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1068925476569925814.post-73680246668469751482010-08-19T16:03:07.958+08:002010-08-19T16:03:07.958+08:00Institutions can be economic WHEN (property rights...Institutions can be economic WHEN (property rights, the right to free enterprise, well-functioning markets).<br /><br />political (methods of electing representatives, systems of checks and balances) or legal (the ability to enforce contracts, equal access to justice and law enforcement)<br /><br />But answer is unclear. <br /><br />Politicians more rapacious and focused on maximizing their own personal wealth during their stint in power instead of on building<br />more stable institutions.Anonymousnoreply@blogger.com