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| Format: | Artículo científico |
| Language: | en |
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Portal Universia S.A.
2007
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| Online Access: | https://www.redalyc.org/articulo.oa?id=511851316005 |
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| _version_ | 1866813016579768320 |
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| author | veneta Andonova Zuleta |
| author_facet | veneta Andonova Zuleta |
| contents | Two Paths to Prosperity when Property Rights Enforcement is Weak veneta Andonova Zuleta Economía y Finanzas Property rights Technologies adoption Motivational strategies Governments are not always the most eff ective mechanism for guaranteeing private investment. In many countries governments are unable to enforce property rights, whatever the degree of protection promised by the law. In this context, I argue that there are at least two alternative private paths to prosperity. Firstly, businesses can adopt production technologies that are less sensitive to institutional voids. Th ese are cheaper, mobile versions of existing technologies, so they can reduce exposure to the hold-up problem. Secondly, entrepreneurs can implement employee ownership, together with other motivational strategies, in order to preserve the ownership itself. Employees are thus encouraged to support the current allocation of property rights instead of challenging it. 2007 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851316005 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.1 Vol.1 |
| format | Artículo científico |
| id | redalyc_511851316005 |
| language | en |
| publishDate | 2007 |
| publisher | Portal Universia S.A. |
| spellingShingle | Two Paths to Prosperity when Property Rights Enforcement is Weak veneta Andonova Zuleta Economía y Finanzas Property rights Technologies adoption Motivational strategies Two Paths to Prosperity when Property Rights Enforcement is Weak veneta Andonova Zuleta Economía y Finanzas Property rights Technologies adoption Motivational strategies Governments are not always the most eff ective mechanism for guaranteeing private investment. In many countries governments are unable to enforce property rights, whatever the degree of protection promised by the law. In this context, I argue that there are at least two alternative private paths to prosperity. Firstly, businesses can adopt production technologies that are less sensitive to institutional voids. Th ese are cheaper, mobile versions of existing technologies, so they can reduce exposure to the hold-up problem. Secondly, entrepreneurs can implement employee ownership, together with other motivational strategies, in order to preserve the ownership itself. Employees are thus encouraged to support the current allocation of property rights instead of challenging it. 2007 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851316005 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.1 Vol.1 |
| title | Two Paths to Prosperity when Property Rights Enforcement is Weak |
| topic | Economía y Finanzas Property rights Technologies adoption Motivational strategies |
| url | https://www.redalyc.org/articulo.oa?id=511851316005 |