Computer Science
8 years ago

Strong institutions key to financial success, corruption elimination essential.

Palgrave Macmillan UK eBooks
Social Capital and Financial Market Development
Siong Hook Law, Mansor H. Ibrahim

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The strength of institutions like financial regulation and the rule of law can determine the success of financial reforms. Countries with better legal systems tend to benefit more from financial changes. Having a fair legal system that enforces contracts quickly is crucial for strong property rights and financial growth. Getting rid of corruption is key to improving property rights and the legal system, which in turn helps economic and financial systems work better.