But, after years of conflict, it has the lowest GDP per capita of the countries surveyed as well as poor credit information and patchy contract enforcement.
Aware of this barrier, the government has passed new laws and has been vocal in supporting greater protection, but settlements remain trivial and enforcement patchy.
But implementation and enforcement are patchy.
The Chinese government has repeatedly promised to address the problem, but enforcement remains patchy.
The committee's chairman, Keith Vaz, said it had uncovered a "grim picture" in which "[law] enforcement is patchy, prosecution rates are low and there is little protection for victims.
Where enforcement is patchy, governments might still deter misbehaviour by increasing the severity of the punishment by raising fines, say.Mr Becker was again a pioneer, alongside his Columbia University colleague Jacob Mincer, in developing the concept of "human capital", the investments individuals make in their own education.
However, although William Jefferson, a former congressman, was sentenced to 13 years for bribery, he was acquitted on the FCPA charge because the $90,000 in cash found in his freezer, allegedly intended to pay off a Nigerian politician, was never handed over.Although the FCPA was enacted in 1977, enforcement was patchy until recently.
Although enforcement is patchy, they are also protected under Malagasy law.
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