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flipshod's avatar

Don't overlook the value of a transparent and adequate legal system (laws, courts, and expertise). It's a boring topic to many, but it's a necessary (if not sufficient) condition of development. It may need to precede markets.

England did a lot of godawful stuff, but it did its colonies a great service with its court system. Conversely, places trying to develop without it more quickly turn into violent oligarchies.

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