Those who advocate a role for the World Bank in establishing systems of well-defined property and contract rights in developing nations would argue that

Question

Quizplus · Accepted Answer

Advocates for establishing systems of well-defined property and contract rights in developing nations argue that such changes would make the economies more productive. This is because clear property and contract rights would encourage investment and help reduce transaction costs, leading to more efficient markets and increased economic growth. It does not eliminate the need for long-term capital funding or short-term loans, nor does it address the issue of asymmetric information in these countries.

Those Who Advocate a Role for the World Bank in Establishing