Can Clientelist Decrees Generate Trust, Investment, and Growth? History Gives Us the Answer
Trust has never been a luxury of nations; it has been their foundational stone. No people that has prospered has done so without a framework of clear, fulfilled, and respected rules. From Rome to Poland, as we saw in the previous column, societies that managed to prosper understood that arbitrariness is the greatest enemy of […]
Guatemala and the Honor of One’s Word: Why Trust Is Our Greatest Debt
When I published my column about the invisible wall of distrust that blocks Guatemala’s development, I imagined that the most criticized points might be the historical examples or the international figures, but I did not consider that the central thesis of the article could itself provoke objections: that honoring contracts, respecting what has been agreed […]