Economics · Macro
Development Economics
Why some countries are rich: growth theory (Solow), institutions, geography and human capital, the East Asian miracle, aid debates (Sachs vs Easterly), randomized trials (Banerjee, Duflo, Kremer), and poverty traps.
Step 1 of 5 · Overview30 min read ·
Key idea
Prereqs: GDP & growth; rule of law & property rights. Next: Public finance; political economy. Sources: Banerjee & Duflo, *Poor Economics* (2011); Acemoglu & Robinson, *Why Nations Fail* (2012); Joe Studwell, *How Asia Works* (2013); World Bank.Next: 1. Big picture