14. According to the Peruvian economist Hernando de Soto, in the 1980s, getting a deed for property...

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14. According to the Peruvian economist Hernando de Soto, in the 1980s, getting a deed for property in Peru involved 207 bureaucratic steps, took 43 months, and cost 10 weeks’ worth of the official minimum wage.

a. What problems would that create for economic development?

b. What problems would the lack of titling create for public utilities?

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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