Emerging Markets, Property Law

I read an interesting article in foreign Affairs magazine last year, and recently in the Economist also. The articles stated in some way that a country without a set of laws for property rights would mean slow-growth, lack of foreign investment and economic vitality would be scarce. While I tend to agree with this premise to some degree, I think you might enjoy a second opinion. Let me tell you where I differ, first off, a mobile business franchise is a safe investment even if property rights are not yet established. It can service the connected elite. This is great. By promoting free market system and selling of wares in the street and mobile businesses a countries early beginnings are possible of establishing a small economic base. I know this is feasible from first hand knowledge.

So what does this mean; it means a company like I own; The Car Wash Guys; should be first in, last out. Yes, that term was stolen from an accepted accounting principle for measuring inventory. Just a thought for all you who question the revival of Amsterdam Academic Economic Models in emerging markets and see the first step as one which should bind the country in premature laws which might be culturally incorrect for nations of 1000 years of no property laws at all.

This idea of small mobile type businesses, open market displays of wares and food on carts or mobile services make sense as the first step. Think of countries today on the African Continent and elsewhere in which the land is owned by an invisible God of their cultural choosing which has been known to them for thousands of years? Think past the norms of immediate laws and work towards the exchange of trade and stability in confidence of the people who live in the cities, towns and villages, before we thrust our laws and lawyers on those folks. No sense in over regulating or over-lawyering an emerging market with a layer of bureaucracy when you are trying to accelerate the entrepreneurism and free market fundamentals. First things first; think about it.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

Federal Trade Commission and Dismal Performance on Mergers

Most citizens agree that we need the Federal Trade Commission... Read More

Screening Trucks and Containers Coming Into Our Country

We presently have adequate sniffer devices in this country to... Read More

What could Macedonia Learn from a Tiger? Asian Tigers and Uninterrupted Economic Growth

The first reaction of economies in transition is a sharp... Read More

Mother Russia and Poland

When Boris Yeltsin spoke about an experiment that 'they' wrought... Read More

New York Lawyers; Vindictive Government Prosecutors

We all know Elliot Spitzer is going to run for... Read More

Global/Israeli Corruption!

What depth of blind insanity has inflicted itself upon Israel's... Read More

Federal Trade Commission Falsely Purports Franchise Disclosure is Cost Effective

In a recent report on the status of the Franchising... Read More

Will Cloning of Super Families Lead to Slavery

If slavery has not worked well, then cloning if it... Read More

The Mother of All Political Battles Has Begun!

News is spreading of the retirement of Supreme Court Justice... Read More

TSA Missteps at Our Airports

The TSA seems to have completely missed the ball at... Read More

Democracy, War and the Media - Uneasy Bedfellows All Round

Recent international wars and the often spectacular ways in which... Read More

Accounting Nightmare at the FTC

Most government agencies cannot pass an audit of their expenses.... Read More

Common Sense vs. Common Senseless - How Thomas Paine Can Be Applied To Modern Day; Part Two

The cause of America is in a great measure the... Read More

Tax Attorney in Oregon or Washington; Does Your Small Business Have One?

Tax Evasion has been used to criminalize many, Nixon did... Read More

The Economic Giant-- A Closer Look at China

IT'S NO LONGER NEWS THAT CHINA IS BECOMING A MAJOR... Read More

Positive People Power - Taking Control By Being Proactive NOT Reactive!

WE MUST PUT A STOP TO THE EVER-INCREASING PRICE OF... Read More

Discount Cigarettes and Cheap Tobacco from Europe to the UK

It never fails to amaze me. HM Customs and Excise... Read More

Space Colonies a Primary Goal

Many folks who are pro-NASA and Pro-Space Colonies say that... Read More

911 Conspiracy Theory Revealed During Coffee Shop Conversation

A coffee shop conversation about a Great Country in Historic... Read More

Adolph Hitler

ADOLF HITLER:The common perception of Hitler being large and in... Read More

Death and Destruction and the Run Up to D Day

This is the third in a short series of four... Read More

Are We Serious About Fuel Alternatives?

As you can see from some of our previous articles,... Read More

California Power and Commodity Markets

Excess capacity occurs in many industries, such as power, electricity,... Read More

The Second Coming in Albania

Blessed with Chinese GDP growth rates (7-8% annually in each... Read More

Pending Oil Crisis

Heavens, what are we up against? It seems these days... Read More

Are American Twins - Majority Rule and Public Opinion, Sometimes Just a Couple of Dumbbells?

The idea that the majority shows the will of the... Read More

Protecting Our Buses from International Terrorists

We know that the International Terrorists like the idea of... Read More

Unemployment Iraqi Style

Let's put it all into perspective: the U.S. has an... Read More

Genetically Modified Plants Could Become Sentinels for the Military

As concerns grow over the threat of bioterrorism and weapons... Read More

National Security; College Campuses

I have witnessed a new era of security in the... Read More

In Defense of the Feds Vs Katrina

I, too, am saddened by the disaster in New Orleans... Read More

Jihad Will Continue

The Jihad against the Western World will continue. It will... Read More

Electronic Commerce Taxation: Emerging Legal Issues - Part I

The CBR taxes the Pakistani source income of nonresident individuals... Read More