Download or read book Institutions Matter in Transition, But So Do Policies written by Oli Havrylyshyn and published by International Monetary Fund. This book was released on 2000-03 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: When I was growing up in Peru, I was told that the farms I visited belonged to farming communities and not to the individual farmers. Yet as I walked from field to field, a different dog would bark. The dogs were ignorant of the prevailing law; all they knew was which land their masters controlled. In the next 150 years those nations whose laws recognize what the dogs already know will be the ones who enjoy the benefits of a modern market economy. - Hernando de Soto