Nobel Prize-Winning Research Highlights Cambodia’s History of Extractive Institutions

Quick Summary:

The work of Daron Acemoglu, Simon Johnson, and James Robinson can help explain the government's collusion in criminal activities like cyber-scams.

The range of possible outcomes becomes even wider when an extractive state such as Cambodia becomes reliant on organized crime for a large chunk of its national income.

Earlier this month, Daron Acemoglu, Simon Johnson, and James Robinson were awarded the Nobel prize in economics for their work on how colonial institutions are a key determinant of whether countries become rich or poor.

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Article Details

Author / Journalist: David Whitehouse

Category: Economy

Markets: United StatesAlgeriaAustraliaBurundiCambodiaChinaEthiopiaFranceIndiaJapanKenyaLaosMongoliaMyanmarRwandaSouth AfricaUkraineVietnam

Topics: Colonial Institutions Cambodia French Land Khmer Likely Chinese Extractive Countries Rouge

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 09:04:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2752 words

Reading Time: 16 minutes read

Sentences: 129 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23356332

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