The enforcement of contract rights play an instrumental role in the development of our society. When businesses and individuals align their expectations with the future conduct of themselves or others, there is increased productivity of members of the marketplaces for the fear of a breach of contract, and potential damages. As we know, any business or individual who does not play by the same rules of the marketplace, for instance through improper or sloppy contract practices, will not be as successful as more efficient competitors in the market, and the most efficient practices will emerge as the most successful.

Can you distinguish any differences between a developed nation with enforcement mechanisms for contracts, and undeveloped nations without such enforcement?