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Politicians and politically-connected individuals who have broken the law can thus be tried and punished, deterring them from enriching themselves at their countries’ expense. Democracies also prize and enforce property rights. All this improves the business climate and investor confidence.
A perennial problem bedeviling poor countries is that of corruption...
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Democracies also prize and enforce property rights. All this improves the business climate and investor confidence.
A perennial problem bedeviling poor countries is that of corruption. While the majority of the populace remain mired in poverty, various bureaucrats enrich themselves by asking for bribes, raising the costs of doing business and discouraging foreign investment...
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