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It’s not geography but institutional heft that makes countries rich or poor

By Economic Times - 3 weeks ago
Daron Acemoglu, James A. Robinson, and Simon Johnson received the Nobel Prize in Economics for their research on institutions and economic growth. Their work debunks the idea that geography determines prosperity, illustrated by the divergent fortunes of the US and Mexican sides of Nogales, and emphasizes how inclusive institutions drive economic success.

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