In the context of political economy, the past three decades have seen

QUESTION

In the context of political economy, the past three decades have seen a general move toward:

A. autocratic forms of government.

B. command-based economic reforms.

C. adoption of legal systems that better enforce property rights.

D. an environment which is unfavorable for international business.

E. military parties monopolizing political power worldwide.

ANSWER

C
The past three decades have seen a general move toward more democratic forms of government, market-based economic reforms, and adoption of legal systems that better enforce property rights.