| I read an interesting article in foreign Affairs | | | | Amsterdam Academic Economic Models in |
| magazine last year, and recently in the Economist | | | | emerging markets and see the first step as one |
| also. The articles stated in some way that a | | | | which should bind the country in premature laws |
| country without a set of laws for property rights | | | | which might be culturally incorrect for nations of |
| would mean slow-growth, lack of foreign | | | | 1000 years of no property laws at all.This idea of |
| investment and economic vitality would be scarce. | | | | small mobile type businesses, open market |
| While I tend to agree with this premise to some | | | | displays of wares and food on carts or mobile |
| degree, I think you might enjoy a second opinion. | | | | services make sense as the first step. Think of |
| Let me tell you where I differ, first off, a mobile | | | | countries today on the African Continent and |
| business franchise is a safe investment even if | | | | elsewhere in which the land is owned by an |
| property rights are not yet established. It can | | | | invisible God of their cultural choosing which has |
| service the connected elite. This is great. By | | | | been known to them for thousands of years? |
| promoting free market system and selling of | | | | Think past the norms of immediate laws and |
| wares in the street and mobile businesses a | | | | work towards the exchange of trade and stability |
| countries early beginnings are possible of | | | | in confidence of the people who live in the cities, |
| establishing a small economic base. I know this is | | | | towns and villages, before we thrust our laws and |
| feasible from first hand knowledge.So what does | | | | lawyers on those folks. No sense in over |
| this mean; it means a company like I own; The | | | | regulating or over-lawyering an emerging market |
| Car Wash Guys; should be first in, last out. Yes, | | | | with a layer of bureaucracy when you are trying |
| that term was stolen from an accepted | | | | to accelerate the entrepreneurism and free |
| accounting principle for measuring inventory. Just a | | | | market fundamentals. First things first; think about |
| thought for all you who question the revival of | | | | it. |