In the context of political economy,the past three decades have seen a general move toward
A)autocratic forms of government.
B)command-based economic reforms.
C)adoption of legal systems that better enforce property rights.
D)an environment which is unfavorable for international business.
E)military parties monopolizing political power worldwide.

Question

Quizplus · Accepted Answer

The adoption of legal systems that better enforce property rights has been a general trend in the past three decades in the context of political economy. This has been seen as a way to attract foreign investment and promote economic growth. Autocratic forms of government and command-based economic reforms have been in decline, while there has been an overall increase in global economic integration and a trend toward more democratic institutions. There is no evidence of military parties monopolizing political power worldwide.

In the Context of Political Economy,the Past Three Decades Have