Well established and enforced property rights offer enormous benefits for economic growth, the environment, social well-being, and just about everything else! See this link on Niger, on the benefits from property rights on trees.
I teach Macroeconomics at the University of Hong Kong. I use this blog to write about macroeconomic developments in Hong Kong, answer interesting students posed by my students, and discuss anything else that interests me and seems vaguely on-topic.
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