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Developing Infrastructure and Ensuring That Property Rights Will Be Protected

question 141

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Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.
De Soto concluded that countries could grow more quickly if governments encouraged rather than suppressed entrepreneurial resources.In his best-selling book,The Other Path,he urged poor countries to refocus their development policies.This "other path" entails improving the business climate by reducing bureaucratic barriers to free enterprise,spreading private ownership,developing and enforcing legal safeguards for property,income,and wealth,and developing infrastructure that facilitates business activity.

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Definitions:

Hospital Setting

A healthcare environment dedicated to the diagnosis, treatment, and care of individuals with health conditions, typically equipped with specialized staff and equipment.

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Sensory experiences that appear real but are created by the mind, often seen in various mental health conditions.

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Conditions or exposures that occur before birth which may pose risks to a fetus's health or development.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality into fantasy and delusion, and a sense of mental fragmentation.

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