Rule of Law and Property Rights on Fiscal Capacity

Video: https://bit.ly/2BoeTc1 Discover more content in newmedia.ufm.edu Every country has faced different political stories, where not all of them ended with an efficient economic development towards its government. Andrew T. Young, shows the importance of property rights under the rule of law, its relation with the fiscal capacity, and why this could be an improvement for the economy of a country. Young explains that property rights are constituted by three rights related to assets such as the use of a resource, this to stop others from using that resource, and to voluntarily transfer those two rights to another individual. He also comments that these rights should be enforced by the rule of law; which are defined rules for these rights to be respected.