Explain how extractive institutions limit economic development.
What will be an ideal response?
Expropriation of property, grand and petty corruption and rent seeking stifles innovation and creative destruction. If people are not confident that their property rights will be upheld they tend to not invest in the economy. If state funds are used for cronyism, clientism or nepotism there is a tendency to halt creative destruction and in some cases the inability to provide quality goods and services. Finally rent seeking only benefits the few powerful political leaders and the majority of people in an economy do not see any gains in development.
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Which of the following schools argues that governments pursue not abstract national interest but the interest of dominant class or classes?
a. Liberalism c. Realist b. Radicalism d. Transnationalism
One of the structural factors contributing to the incomplete democratization in the Russian Federation was
a. widespread liberalization. b. the lack of a well-developed middle class. c. religious fundamentalism. d. a desire for freedom at the expense of social stability. e. a repressive military.
Which statement best describes the redrawing of district lines for the Texas legislature?
A. The house draws the lines for house districts, and the senate draws the lines for senate districts. B. The house draws the lines for senate districts, and the senate draws the lines for house districts. C. Both the house and senate defer to the district plans created by the Legislative Redistricting Board. D. District lines are initially created by a commission that is composed of the speaker of the house, lieutenant governor, governor, and state chairs of the two major political parties.
The most common social program in Christian democratic welfare states is
a. social insurance b. family allowances c. universal entitlements d. means-tested assistance