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2024 Nobel Laureate Explains What Makes Countries Fail Or Succeed, with James A. Robinson

Big Brains

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Institutions and National Success

This chapter explores the critical role of political and economic institutions in determining the success or failure of nations, as illustrated in the book 'Why Nations Fail.' By comparing Nogales, Arizona, and Nogales, Mexico, it highlights how inclusive institutions foster prosperity, while extractive institutions perpetuate cycles of poverty.

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