If investments are good for growth, then a questionwhich has always exercised the minds of economistsand policy-makers historically, is just how togenerate, attract, secure and sustain them. This isnot a question to which there are easy answers,although there is no shortage of economic modelswhich seek to identify the determinants of growthand propose universally applicable principles.Oneperspective that has become dominant in policycircles suggests that “secure” property rightsconstitute the sine qua non for the generation ofinvestments, as well as for increased productivity,income and growth.