... it would "only deepen the nation's budget deficit and further enrich the officials," and believed the program could only be legitimized through fundamental system reforms. The extraction of fossil fuels and other valuable metals has much greater potential for resource rents. Without property rights, rent-seeking leads to lawlessness and corruption, thus being detrimental to the state's economic growth. Michael ... ...

• Word Count: 1045
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate