IMANI Study: Enforcing Contracts: How to Attract More Entrepreneurs to Ghana – Part 2 of 3 (Cost)

COST OF ENFORCING CONTRACTS The cost of enforcing contracts, if too high, can act as a disincentive for those seeking justice. Douglas North (1990) stated that the lack of low cost mechanisms for the enforcement of contracts was “the most important source of both historical stagnation and contemporary underdevelopment in

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