Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution

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  • Topic: Economics, Per capita income, MIT Sloan School of Management
  • Pages : 2 (554 words )
  • Download(s) : 142
  • Published : March 10, 2013
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Daron Acemoglu is a Turkish-American economist of Armenian origin. He is currently the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology and winner of the 2005 John Bates Clark Medal , Simon Johnson is a British American economist, is the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics and James A. Robinson is an American academic who, between 1974 and 1987, served as the second president of the University of West Florida . (November 2002). Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution. The Quarterly Journal of Economics. These authors are based on the economic prosperity of the different countries, the motives, reasons and changes that have been happening, it is very pertinent to mention and take into account the close relationship between urbanization and per capita income at which the areas of developed high agricultural productivity and transport supported large populations, but this is not the only factor for which exist much difference in the economy of countries, it is possible to find scenarios that give reasons to the above as is the geography hypothesis since factors such as geography, climate and ecology are important in developing countries also it is necessary to know that nowadays some places that previously were not good are beneficial this is explained in the drift hypothesis, since for example the tropics or places with coal reserves or easy access to the sea had an advantage over other places for obvious reasons but the technology began to favor temperate zones, of course it is necessary to consider that the second one requires an investment, one of the assumptions that underpin economic differences is that of institutions, it is mentioned that the organization of society and the incentives and opportunities that will provide are essential...
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