Chapter 2 UNDERSTANDING FORMAL INSTITUTIONS: POLITICS, LAWS, AND ECONOMICS

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Chapter 2
UNDERSTANDING FORMAL INSTITUTIONS:
POLITICS, LAWS, AND ECONOMICS
Opening Case Discussion Guide
1. Is any of the prosperity in South Africa due to the government or in spite of the
government?
2. Is South Africa enjoying the level of prosperity that it might have if some of the
government’s policies were modified?
3. On the other hand, is prosperity or social justice the primary objective? (“Man
shall not live by bread alone.”)
4. Is South Africa achieving either objective to the degree that it is possible?
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