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Business, 25.02.2020 02:31 cascyrio2002

Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. a) Higher expropriation risk due to low-quality governance and poor institutions might account for low levels of human and public capital in poor nations. b) The quality of institutions in countries colonized by Europeans is correlated with whether climate/disease allowed European settlers to live in those areas. c) Low-quality institutions make it difficult to protect property rights and enforce contracts. d) Low-quality institutions are central to the theory of poverty traps that states that countries need a "big push" to facilitate convergence in living standards to the developed world.

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Which of the following statements about the role of institutions in economic growth is TRUE and whic...
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