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Ep. 210: Mark Koyama on What Makes Some Nations Richer Than Others

Macro Hive Conversations With Bilal Hafeez

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Institutions, Property Rights, and Economic Growth

Exploring the vital role of institutions in fostering economic growth, this chapter delves into defining institutions, specifically focusing on property rights and incentives. Referencing the work of Douglas North, it emphasizes the importance of secure property rights for development. The discussion also touches on the relationship between economic and political institutions in shaping a country's progress.

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