Mau governança limite crescimento econômico

Hitting the Wall

Two economists at the INSEAD business school in Fontainebleau, France, have found that in states without political freedom, secure property rights, impartial courts and other elements of good governance, living standards run into a barrier. The “Great Wall” stands at an annual per capita output of $10,000 to $15,000, adjusted for the purchasing power of different currencies. That compares with roughly $47,000 in the U.S.
Countries that stick with authoritarian forms of government invariably hit the wall. The Soviet Union, after a strong spurt of growth through the early 1970s, peaked at an output per person of about $12,500 in today’s dollars.
Leia mais