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Economics

Inclusive Institutions and Long-Run Prosperity

Quick fact

Economists Daron Acemoglu and James Robinson argue that the difference between prosperity and poverty lies in whether a nation's institutions are 'inclusive' or 'extractive'—a concept popularized in their book 'Why Nations Fail'.

Why this is interesting

Why do some countries become wealthy while others remain poor, despite having similar resources? Could the answer lie not in geography or culture, but in the rules of the game?