Friday, June 29, 2012

Growth and the importance of institutions

The other day in both my Higher Level and Standard Level Economics sections we discussed issues on growth and I found the opportunity to mention the work of Daron Acemoglu and the importance of institutions in the growth process.  It makes a big difference, as he argues, whether  institutions are inclusive or extractive.

Please watch these videos where Prof. Acemoglou explains his work:

(longer presentation)

This is a much shorter presentation:

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