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Level of economic activities and resolutely strengthen uncertainty at Choice of a macroeconomic policy.
The legal system predetermines development
So, we see that Peruvians are compelled to take up the highest
Costs if they intend to operate legally, and if they on it not
Are capable, they should overstep the bounds of system. Hence, they not
Can enjoy advantages of reasonable laws of the country, that is
The tools offered by the law for increase of efficiency economic
And social activity: the property right, contract and extracontract
Tools of development offered by the law
Value of the property right was underlined by many economists, which
Believed that explosion of technological innovations in the West and enormous investments,
Made it possible, have begun only in the end of XVIII century, when the rights
Properties have been improved and have received autonomy from a policy.
Douglas Nort, for example, has presented numerous that certificate that
The main inventions in Europe have appeared only when for protection of the rights
Intellectual property the system of patents has been created.
Importance of patent system that except for absolutely casual
Opening the majority of inventions demand expensive researches and good
Educations, otherwise, expenses on which it is possible to go if it is assured that
They later will pay off. Prior to the beginning of industrial revolution these expenses were
More than received after benefit. And only when there was the wittiest
The law tool - an exclusive patent right, there was also a lawful
Basis for definition of intellectual property rights. A patent right not
Only has facilitated carrying out of the researches aimed at innovations, but to that
Has created powerful stimulus for increase in investments into education, researches
And search of new decisions of technological problems.
Contrary to widespread opinion in Latin America, economic
Value of the property rights not that they benefit exclusively
To owners, and that they stimulate proprietors to increase value
The resources by investment, innovations or their connection with resources
Other proprietors - for prosperity and society progress as a whole.
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