A professor at the Graduate School of Banking addressed
by wpkirish (2024-01-18 13:50:39)

In reply to: How much of the problem lies in political instability  posted by IAND75


this point. He taught at UW-Madison (I forget what department) but also advised emerging economies. He said his first issue was always the independence / quality of the judiciary because people would not invest where there could not expect to enforce a contract.