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Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Daron Acemoglu,James A. Robinson +1 more
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Acemoglu and Robinson as discussed by the authors argue that incentives and institutions are what separate the have and have-nots, and that if they work hard, they can make money and actually keep it, the key to ensuring these incentives is sound institutions.Abstract:
In the West are the 'haves', while much of the rest of the world are the 'have-nots'. The extent of inequality today is unprecedented. Drawing on an extraordinary range of contemporary and historical examples, Why Nations Fail looks at the root of the problems facing some nations. Economists and scientists have offered useful insights into the reasons for certain aspects of poverty, such as Jeffrey Sachs (it's geography and the weather), and Jared Diamond (it's technology and species). But most theories ignore the incentives and institutions that populations need to invest and prosper: they need to know that if they work hard, they can make money and actually keep it - and the key to ensuring these incentives is sound institutions. Incentives and institutions are what separate the have and have-nots. Based on fifteen years of research, and stepping boldly into the territory of Ian Morris's Why the West Rules - For Now, Daron Acemoglu and James Robinson blend economics, politics, history and current affairs to provide a new, persuasive way of understanding wealth and poverty. And, perhaps most importantly, they provide a pragmatic basis for the hope that those mired in poverty can be placed on the path to prosperity.read more
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The future of employment: How susceptible are jobs to computerisation?
TL;DR: In this paper, a Gaussian process classifier was used to estimate the probability of computerisation for 702 detailed occupations, and the expected impacts of future computerisation on US labour market outcomes, with the primary objective of analyzing the number of jobs at risk and the relationship between an occupations probability of computing, wages and educational attainment.
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Big other: surveillance capitalism and the prospects of an information civilization
TL;DR: An emergent logic of accumulation in the networked sphere, ‘surveillance capitalism,’ is described and its implications for ‘information civilization’ are considered and a distributed and largely uncontested new expression of power is christened: ‘Big Other.’
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Pre-colonial Ethnic Institutions and Contemporary African Development
TL;DR: In this paper, the role of deeply rooted pre-colonized ethnic institutions in shaping comparative regional development within African countries is investigated, where the authors combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance as proxied by satellite images of light density at night.
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Sustainable development: Meaning, history, principles, pillars, and implications for human action: Literature review
TL;DR: In spite of its pervasiveness and the massive popularity it has garnered over the years, sustainable development has become a popular catchphrase in contemporary development discourse as mentioned in this paper, however, it has not yet achieved sustainable development.
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The lineages of the entrepreneurial ecosystem approach
TL;DR: In this paper, the authors outline contributions to the entrepreneurial ecosystem approach and conclude with a promising new line of research to our understanding of the emergence, growth, and context of start-ups that have achieved great impact by developing new platforms.
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Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.
Posted Content
Institutions, Institutional Change, and Economic Performance
Wei Li,Victor Abiad +1 more
TL;DR: In this paper, the authors identify inefficient institutions as the root cause of economic differences between societies and propose a framework to change these institutions and apply them to improve the economic well-being of countries.
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Understanding the Process of Economic Change
TL;DR: This book discusses the ways in which knowledge of economic change has changed over the past century and discusses the role of language, culture, and psychology in this change.
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Guns, Germs, and Steel: The Fates of Human Societies
TL;DR: Guns, Germs, and Steel as discussed by the authors argues that geographical and environmental factors shaped the modern world, and argues that societies that had had a head start in food production advanced beyond the hunter-gatherer stage, and then developed religion and nasty germs and potent weapons of war.
ReportDOI
Reversal of fortune: geography and institutions in the making of the modern world income distribution*
TL;DR: In this article, the authors argue that the reversal in relative incomes of colonized countries during the past 500 years resulted from societies with good institutions taking advantage of the opportunity to industrialize.