Institutions, Democracy, and Economic Development

Описание к видео Institutions, Democracy, and Economic Development

Without access to experiments as natural scientists do, economists sometimes rely upon "natural experiments” to exploit the effect of democracy on various economic outcomes. University of Chicago professor and the co-author of Why Nations Fail James Robinson explains how natural experiments are done and why they’re useful. He also explains distribution of power and development of state play critical roles in successful economies.

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