Nobel Prize 2024 in Economics awarded to to Daron Acemoglu, Simon Johnson, and James A. Robinson - GK Now
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Nobel Prize 2024 in Economics awarded to to Daron Acemoglu, Simon Johnson, and James A. Robinson for their research on how institutions are formed and their impact on a nation’s prosperity. Their work demonstrates that societal institutions, especially those introduced during European colonization,
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- Nobel Prize 2024 in Economics awarded to to Daron Acemoglu, Simon Johnson, and James A. Robinson
- for their research on how institutions are formed and their impact on a nation’s prosperity.
- Their work demonstrates that societal institutions, especially those introduced during European colonization, play a crucial role in determining a country’s long-term economic success or stagnation.
- They found that inclusive institutions, which benefit society as a whole, promote growth, while extractive institutions, which exploit the population for the benefit of those in power, hinder development
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