![]() ![]() Countries that have what they call “inclusive” political governments - those extending political and property rights as broadly as possible, while enforcing laws and providing some public infrastructure - experience the greatest growth over the long run. Others have asserted that a lack of natural resources or technical expertise has prevented poor countries from creating self-sustaining economic growth.Įconomists Daron Acemoglu of MIT and James Robinson of Harvard University have another answer: Politics makes the difference. Some scholars, like Weber, have argued that religious or cultural differences create vastly different economic outcomes among countries. It is among the grandest topics in scholarship: Why do some nations, such as the United States, become wealthy and powerful, while others remain stuck in poverty? And why do some of those powers, from ancient Rome to the modern Soviet Union, expand and then collapse?įrom Adam Smith and Max Weber to the current day, scores of writers have grappled with these questions. ![]()
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