Macroeconomic Monitor
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2014.04.10

Game of poor and rich

A game of rich and poor “Nations sometimes do indeed manage to adopt efficient institutions and achieve prosperity, but alas, these are rare cases” Acemoglu and Robinson (2012)[1] The rich-poor contrast has always been a leading theme for many, and elevating it to the level of countries is a particularly thorny issue from an economic perspective. …

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