Nobel economics prize goes to trio for research into reasons why some countries succeed and others fail
Briefly

"Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. The laureates' research helps us understand why."
"Reducing the vast differences in income between countries is one of our time's greatest challenges. The laureates have demonstrated the importance of societal institutions for achieving this."
"Their research has provided a much deeper understanding of the root causes of why countries fail or succeed."
Read at Fortune
[
|
]