How extractive institutions persist to keep South Africans poor
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One of the most important contributions of the last two decades to the literature on economic growth is that institutions matter. Social scientists have, of course, posited for a long time that the freedom associated democracy, property rights, rule of law and a free press is critical to the success of a market society, but it was only relatively recently, with the uncovering of new data sources and development of new methods, that these ideas could be empirically tested.
How extractive institutions persist to keep South Africans poor
How extractive institutions persist to keep…
How extractive institutions persist to keep South Africans poor
One of the most important contributions of the last two decades to the literature on economic growth is that institutions matter. Social scientists have, of course, posited for a long time that the freedom associated democracy, property rights, rule of law and a free press is critical to the success of a market society, but it was only relatively recently, with the uncovering of new data sources and development of new methods, that these ideas could be empirically tested.