Inclusiveness Essential to Growth, says Acemoglu
IMF Podcasts, December 6, 2012
Source details
- Canonical URL
- Inclusiveness Essential to Growth, says Acemoglu
Other formats
Bibliographic details
- Published: December 6, 2012
Main argument
- Daron Acemoglu, economist, Massachusetts Institute of Technology, co-author of "Why Nations Fail," argues that a nation's poverty or prosperity may have as much to do with politics as economics.
- Inclusive political institutions and more democratic countries create sustained prosperity.
- “Extractive,” authoritarian regimes lead toward poverty.
Implications for policy and development
- Building strong institutions is necessary to ensure growth.
- Political inclusiveness is presented as a structural determinant of long-term economic performance, implying reforms that expand political participation and limit extractive power structures support sustained prosperity.