Why the Nobel Prize in Economics went to Acemoglu, Johnson and Robinson

Explore why three renowned economists were honored with the Nobel Prize in Economics. Discover how European colonization shaped economic disparities, with a spotlight on India's decline and the U.S.'s growth. Delve into the lasting impacts of colonialism on global wealth distribution, illustrated by the divided city of Nogales. Learn about the challenges new leaders face in reforming extractive institutions and the importance of historical context in economic recovery.