The dictator of Turan has recently begun to arbitrarily seize farms belonging to his political opponents, and he has given the farms to his friends. His friends don't know much about farming. The courts in Turan have ruled that the seizures are illegal, but the dictator has ignored the rulings. Other things equal, we would expect that the growth rate in Turan will

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Business

Violet Walters

2 September, 02:57

The dictator of Turan has recently begun to arbitrarily seize farms belonging to his political opponents, and he has given the farms to his friends. His friends don't know much about farming. The courts in Turan have ruled that the seizures are illegal, but the dictator has ignored the rulings. Other things equal, we would expect that the growth rate in Turan will

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Answers (1)

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Randy Howe · Answer 1

Question is incomplete; Options Include:

a. fall temporarily, but will return to where it was when the new owners learn how to farm.

b. increase because the total amount of human capital in the country will increase as the new

owners learn how to farm.

c. fall and remain lower for a long time. is Correct

d. not be affected unless widespread civil disorder or civil war results.

Explanation:

That would be detrimental to growth and development. Development needs and requires a strong leader and guidelines for the protection of private property.

Economic growth and the rights to property are closely linked. The value of getting property rights that are well established and strongly secured is now widely acknowledged by economists and political leaders.