STABILITY OF INSTITUTIONS, PROPERTY RIGHTS, RUL E OF LAW AND ECONOMIC DEVELOPMENT

Abstract

Stability of institutions and developing stable institutions are the basic conditions for any developed, developing or least developed countries to produce, survive, compete and develop basic human, physical and institutional infrastructure conducive for sustained economic growth over the long run. In any country where institutions are not developed and where impediments exist for the development of stable institutions, there will not be economic growth. It is stated that few private investors are interested in investing or lending under such conditions where the countries lack the requisite credit worthiness and basic human, physical, and institutional infrasticuturei

Keywords

• STABILITY
• INSTITUTIONS
• PROPERTY