Economics Explained cover image

The 2024 Nobel Prize in Economics: Explained

Economics Explained

00:00

The Importance of Institutions in Economic Development

This chapter examines how robust institutions contribute to economic prosperity, especially in advanced economies. It highlights the negative effects of colonialism on wealth distribution and contrasts the outcomes in regions with varying institutional frameworks.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app