Business, Management and Accounting
4 years ago

Strong property rights key to economic growth in East Asia

Routledge eBooks
Property Rights, Collateral, Creditor Rights, and Insolvency in East Asia 1
Douglas W. Arner, Charles Booth, Paul Lejot, Berry Fong‐Chung Hsu

Paper Summary

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The article discusses how property rights, collateral, creditor rights, and insolvency are important for a well-functioning financial system in East Asia. It looks at how these factors are related to economic development and governance in the region. The study emphasizes the significance of established property rights and their protection in transitioning from command to market-based economies.