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by jriot
1459 days ago
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There is an excellent book a Peruvian economist Hernando de Soto, The Mystery of Capital, that discusses these issues. He has a chapter on the number of steps it takes to open a business in Hati and Singapore (if memory serves me correctly). Hati requires thousands of steps and if done correctly 17 years to open a business legally. Singapore take a few steps and less that a week to open a business legally. This has broder implications to property rights and if countries prosper. |
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