Economists like Hernando de Soto feel that a _______ is the key to economic development.

Question

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Hernando de Soto argues that a strong titling system, which enables individuals and businesses to establish legal ownership of property and assets, is crucial for economic development. This allows for easier access to credit, investment, and markets. Without a strong titling system, individuals and businesses may struggle to establish ownership and therefore be unable to fully participate in the economy. While a strong national defense and stable currency are important factors for economic stability, they are not necessarily the key to economic development.

Economists Like Hernando De Soto Feel That a _______ Is