Friday, May 18, 2012
"There is no reason any country has to remain poor. Countries are NOT poor because of climate, lack of natural resources or race. Countries as locationally varied as Singapore, Mauritius, Korea, Chile, Estonia and Cayman have become relatively rich over the past few decades." argues a news paper article. "Those countries that are still relatively poor are poor because they have not put in place the necessary institutions, political structures and policies."
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An essential component of political development is an effective public bureaucracy that can enforce rules, extract taxes and provide public...
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