29 Mar 2013, 10:23pm

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World Bank

Suppose a State that have made due, for example, according to the World Bank, has established a basic legal system, maintained a non-distortionary policy environment, including macroeconomic stability; invested in basic social services and infrastructure, protected vulnerable groups and defended the environment. Suppose a State achieved through policies and aggressive reforms, controlling inflation, lower rates of interest to acceptable levels, lower unemployment to understandable levels, opening its economy, privatize unnecessarily estatizadas companies or de-monopolize the construction of infrastructure, the provision of good part of public services, social services and other goods and services that have been inefficientcreate institutional imperative, strong and non-arbitrary basis, protect, in due form, the public order after having agreed peace with insurgent groups, protect property, put an end to economic insecurity at home (avoiding the misery in the) old-age pensions through pension systems, helping to cope with catastrophic diseases through health insurance and providing assistance in the event of loss of work, with unemployment insurance), control corruption, broaden citizen participation a good part of democratic bodies and, in the end, that manages to close the wide gap between expected of him and their own ability to timely responseaccommodating, as the World Bank itself has said its functions to its capacity. IE imagine a State that distils optimism and be attractive for investment. Good, isn’t it? Now imagine what would happen then. Before as efficiently and as good conditions it is no exaggeration to foresee the massive coming of foreign investment. Neither us would seem strange that domestic investors, rather than be producing jobs and development in foreign countries return to bring his talk. Then the optimism takes over the market. Enthusiasm is effervescent and makes avisorar for near future, accelerated growth between a 7 u 8 per cent per annum. Interest rates go down, having much silver in the banks to lend, reason why the consumption of necessary and luxurious goods fires.