The transition economy might have problems with rising unemployment, inflation, lack of entrepreneurship and skills, corruption, lack of legal system, moral hazard and inequality. With these problems that the transition economy will have, it might turn foreign investors and will not invest.
Answer:
They were mad about the Dred Scott decision.
Explanation:
They were mad because the case gave Southern slaveholders growing power. To stop their power, many Northerners turned to the Republican party.
Stare Decisis refers to the legal doctrine wherein a Judge lets a previous ruling or precedent stand.
However, Judges are not always correct and understandings regarding what is Constitutional are not always static.
The classic example of this is the notion of "separate but equal." In Plessy v. Ferguson, SCOTUS ruled that separate but equal was constitutional. Courts relied on this decision using state decisis for years until the ruling was challenged and overturned in Brown v. Board of Education wherein the ruling was overturned.
