Civics lesson of the day-| “Corruption also results in less-secure property rights, and that makes smaller businesses less likely to invest as much as they otherwise would or even avoid the corrupt state altogether,” Moen said. “This depresses the overall level of economic activity, but in ways that are not obvious. A few well-connected businesses always will appear successful, and the politician can point to them as evidence of his ability to produce economic success. No one ever knows which businesses decided not to start-up in a corrupt state.”
Posted on: Mon, 23 Jun 2014 13:52:45 +0000
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