Your English writing platform
Free sign upExact(2)
The security of a loan will depend in part on the laws of the country and the effectiveness of local courts at enforcing contract terms and adjudicating disputes.
Not only is it estimated to have cost an extra £3bn and added layers of administrative costs in an entirely artificial market, while ending the requirement to provide a comprehensive national service and allowing hospitals to raise up to half their income from treating private patients – it is also driving privatisation and fragmentation by enforcing contract tenders across the English service.
Similar(57)
Central among these are property rights and the legal institutions needed for enforcing contracts.[6] The question of enforceable property rights plays as an important role for evaluating markets in countries with weak governance structures.
The country scored lower for starting businesses and enforcing contracts.
But enforcing contracts can be tricky, and the new law does not help much.
For him, the state should be stripped to a "residual government functioning of maintaining law and order, enforcing contracts".
This is because outside lenders fear that it will exploit its inside knowledge and the cost of enforcing contracts to repay less than it should.
Most economists believe that governments need to help markets work efficiently: enforcing contracts, resolving insolvencies, hooking up firms to the power grid, and the like.
The annual survey assesses factors like construction permits, electricity supply, access to credit, protecting investors, enforcing contracts and trading across borders.
But laissez-faire advocates nonetheless argued that government had an essential role in enforcing contracts as well as ensuring civil order.
The cost of enforcing contracts contingent on future income is very large, but there is an effective solution: piggybacking on the tax collection system.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com