... assemble goods that had previously been imported (such as cars). The production plants were not as efficient as their global rivals and were only staying in business because they were protected against foreign imports by heavy tariffs. This was always going to be the case to begin with, while new industries were setting up, but they were supposed to become more ... ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

... policies. For example, owners of land, corporate shares, or intellectual property are unwilling to invest in the improvement and upkeep of their property if their rights as owners are not protected. The role of institutions goes beyond the legal framework. Government attitudes toward markets and freedoms and the efficiency of its operations are also very important: excessive bureaucracy and red tape ... ...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate