Tags » Why Nations Fail

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

Africa

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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Inclusion/Exclusion