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Even worse, some countries that once were wealthy have stagnated and are
even threatened with poverty. The Index evaluates economic freedom in 10 institutional
factors, including monetary and fiscal policy, government consumption, trade openness, and regulations.It also evaluates, in the property rights factor, how strongly a country’s legal system protects private property and contractual agreements. The term “property rights,” however, has broader implications. In fact, the entire Index of Economic
Freedom can be viewed as an evaluation of property rights protection, broadly conceived, since public policy can infringe on citizens’ property rights through regulations, inflation, and government ownership of scarce resources...
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Common topics in this essay:
- Intellectual Property in an Electronic World
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