The substantial increase in clear property rights has severely impeded growth in many developing countries.

Question

Quizplus · Accepted Answer

The statement is not supported by evidence. In fact, clear property rights are often seen as a necessary condition for economic growth and development, as they provide incentives for investment, innovation, and entrepreneurship. Lack of secure property rights, on the other hand, can lead to disputes, conflicts, and uncertainty, which discourage investment and limit economic activity. Therefore, policies that promote secure property rights are often part of development strategies aimed at reducing poverty and promoting shared prosperity.

The Substantial Increase in Clear Property Rights Has Severely Impeded