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Recall the Application About the Lack of Property Rights in Peru

question 40

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Recall the Application about the lack of property rights in Peru, and why clear property rights are important for economic growth in developing countries, to answer the following question(s) . Clear property rights give owners an incentive to make long-term investments in their property, and are vital for the property owners to be able to borrow funds.
-According to this Application, clear property rights are important for economic growth, because without a clear title to property,

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