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The report on the workshop Measuring Law and Institutions highlights two topics. One is the World Bank governance … indicators; improvements in governance significantly increase national income. The other is the importance of legal origins …-down regulation of society, whereas common law is closer to liberal order, based on independent individual decisions. The workshop …
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The rise and decline of nations throughout history continuously puzzles economists. Experience shows that successful economic performance is a very complex process, the scope of which goes well beyond the simplified neoclassical approach to growth. Business environment is a key determinant of...
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