INQUIRER: DORONILA DESIERTO REPORT: Using recent Philippine time series data, researchers have found that the most important "institutional barrier" to foreign direct investment has been "WEAK CONTRACT ENFORCEMENT," and that anti-corruption activities has had "smaller effect." Thus, said the paper, it is not entirely surprising, and other research has shown, that rapid growth and development can still occur amidst corruption for as long as there is "sufficient 'INSTITUTIONAL CERTAINTY' that GUARANTEES contract enforcement."
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