What do you think creates the good institutions that exist

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1. What do you think creates the good institutions that exist in rich countries? Why don't these institutions-property rights, markets, a society where you can usually trust strangers-exist everywhere on the planet?

2. Why do you think expensive red tape is difficult to get rid of in many poor countries? Yes, this is a miniature version of the previous question.

Reference no: EM131832706

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