Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/≈550 words
Sources:
2 Sources
Level:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

Root Causes by Daron Acemoglu (Essay Sample)

Instructions:

Daron’s Acemoglu’s “Root Causes” provides an overview of his influential research with James Robinson and Simon Johnson on the causes of the huge gap in living standards and levels of development between rich and poor countries. In this short writing assignment, I would like you to provide a summary of their argument. In your essay, please be sure to address the following questions: 1. What are the alternative candidates to explain differences in prosperity between countries? 2. What are the characteristics of good institutions? 3. Why are institutions persistent and often unchanging? 4. What is the “natural experiment” that Acemoglu et. al. exploit? How does this help “identify” the role of institutions? 5. What are the potential policy implications of their analysis?

source..
Content:

Root Causes
Name of Student
Institution Affiliation
Root Causes
There exists a huge gap in the living standards and development levels between poor and rich countries. Acemoglu, Johnson & Robinson (2001) provide an overview of the fundamental causes of the large disparities in per capita between different countries globally. Acemoglu’s ‘Root Causes” attempts to answer critical questions regarding the critical economic issues.
Acemoglu observes that there are two critical candidates determine the differences of wealth and prosperity between nations. The two hypothesis examined by Acemoglu are geography and institutions (Acemoglu, 2003, p.27). In his institution hypothesis examination, Acemoglu concludes that human influences are the most crucial in determining wealth between nations. Through human influences, institutions are developed which contribute to the development or under-development of countries. Management of institutions determines whether a country becomes poor or rich.
Good institutions often drive their countries to economic prosperity. Acemoglu provides key characteristics possessed by good institutions. These include the following. First, good institutions enforce the property rights for a broad cross section of the society thus motivating them to make investments in their economy thus contributing to economic growth. Secondly, good institutions have power to limit the actions of elites, politicians and other powerful groups thus protecting the population from exploitation and ensuring that the incomes and investments of the citizens are well protected. Lastly, Acemoglu observes that good institutions offer equal opportunities to the citizens allowi

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Demand-side Policies and the Great Recession of 2008 Economics Essay
    Description: Love and Keeley (2010) define a recession as a period in which the economy grows at a reducing rate or even experiences negative growth experienced over a certain period such as six months within a fiscal year. Economic recession is usually marked by certain economic indicators such as increased employment...
    3 pages/≈825 words | 2 Sources | APA | Mathematics & Economics | Essay |
  • Economics- Opportunity cost and indifference curves
    Description: Mike and Abdul go to Walt Whitman High School. Mike has 20 comic books and no game, while Abdul has no comic book and 10 games. Mike is boring of reading comic books, and Abdul is boring of playing games. In school, Mike and Abdul reach agreement that they trade some of their stuffs each other...
    2 pages/≈550 words | 1 Source | APA | Mathematics & Economics | Essay |
  • Oligopoly in the Aircraft Market Mathematics & Economics Essay
    Description: Oligopoly refers to a form of market where only a small number of players are involved. There exist barriers to entry into the market, and hence the number of players remain low. Some characteristics of the market include perfect knowledge of the market by all players and interdependence among the players...
    8 pages/≈2200 words | 10 Sources | APA | Mathematics & Economics | Essay |
HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!