Friday, November 20, 2009

POVERTY, INCENTIVES AND DEVELOPMENT

Daron Acemoglu wrote a marvelous article discussing the supportive role of incentives and institutions in global poverty reduction and economic development (link):

"If we know why nations are poor, the resulting question is what can we do to help them. Our ability to impose institutions from the outside is limited, as the recent U. S. experiences in Afghanistan and Iraq demonstrate. But we are not helpless, and in many instances, there is a lot to be done. Even the most repressed citizens of the world will stand up to tyrants when given the opportunity. We saw this recently in Iran and a few years ago in Ukraine during the Orange Revolution."

2 comments:

tony said...

good....................................................................................................

Anonymous said...

It was very interesting for me to read the post. Thanks for it. I like such topics and anything connected to them. I definitely want to read a bit more on that blog soon.