Tags » Why Nations Fail

Where cotton is excessively expensive

In 2010, in a German conversation course in Munich, the teacher asked the students to identify one very expensive item in our countries and explain the colleagues the reasons behind it. 372 more words

Does democracy cause growth?

William Easterly’s new book, The Tyranny of Experts, argues that positive changes in freedoms are the causes of stable long run growth. But as he admitted to me recently… 330 more words


Inclusive Economic Institutions

The following sentence is taken from chapter 3 of Why Nations Fail:

To be inclusive, economic institutions must feature secure private property, an unbiased system of law, and a provision of public services that provides a level playing field in which people can exchange and contract; it also must permit the entry of new businesses and allow people to choose their careers.

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