Rich vs. Poor Nations: Nobel Economists Unveil the Hidden Power of Institutions

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The Nobel Memorial Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James Robinson for their revolutionary...

The message is clear: strong, inclusive institutions are the key to creating wealth that benefits everyone, not just a privileged few.

Acemoglu, Johnson, and Robinson, however, shift the focus to institutions—the man-made political and economic systems that govern how societies function.

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Article Details

Author / Journalist: Nucleus_AI

Category: StartupsEconomyBusiness

Markets: IndiaNorth KoreaSouth KoreaUnited States

Topics: Institutions Inequality Research Economic Wealth Power Extractive Inclusive Countries Johnson Acemoglu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 12:15:24 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 48 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 23087283

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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