2024 Nobel Prize in Economics – good economies require strong laws and civil service.

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1. You make a compelling point! The interplay between strong legal frameworks and effective civil service is crucial for sustainable economic growth. Strong laws create a stable environment for businesses, ensuring fair competition and protecting investments. Meanwhile, a competent civil service is essential for implementing these laws efficiently and maintaining public trust. Together, they foster an atmosphere where innovation and entrepreneurship can thrive, ultimately benefiting the economy as a whole. It will be interesting to see how these themes might be reflected in this year’s Nobel Prize in Economics discussions!

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