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Secure our rights to property
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Published on :
Wednesday, April 25, 2007 |
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There is a fundamental framework within which economic progress occurs. One of the key elements of this framework requires the government to ‘secure private property rights’. If people feel secure about what they own, be it houses, other property, businesses, shares, or bank balances, they will work hard to increase the value of those assets. If not, then they will respond either by cutting back on their work, or by transferring their capital abroad. History shows why nationalization of private property is not an answer for Nepal, writes Rakesh Wadhwa |
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