Inert Detritus The Internet's dust bunnies

Posted
26 December 2008 @ 6pm

Property Rights

As I read The Economist’s articles on developing nations, whether it be in Asia, Africa, or Europe, a common thread jumps out at me:

Property rights are the key to economic development. People want to own their property, and not have to worry about how to keep it or who’s going to take it.

Property rights, in the form of land ownership, banking, and lack of corruption, all lead to domestic and foreign investment in the country: people know that their property is secure and not subject to random and unjust repossession by officials or armed forces.