What was said? Cite the text:
1. According to Robinson and Acemoglu, what is the core driver that explains different levels of wealth?
Politics and social structures play a huge role in why some countries are poor and others aren't. 2. What do they assert is the key difference between rich and poor countries?
It's all about institutions that create different incentives for people to help the countires economy.
3. What message of hope is offered?
“Poverty is not the inevitable result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize their societies. And that means we can change things.”
Implications: What can you infer, clarify, or evaluate?
4. Consider the excerpt “a country has institutions that keep a small elite from grabbing all the wealth.” What are some examples of these institutions? Since institutions are “broadly defined” as formal or informal and as norms and practices, use the table to sort your examples: Inclusive Institutions …by which a country keeps a small elite from grabbing all the wealth
Laws, Rules & Rights
Organizations & Services
Norms & Practices
Laws on taxes
Rights for all people to pay the same percentage of taxes
Rich societies and schools
People in the lower class stay there to maintain the rich people. 5. According to this report, what is the relationship between economic development and political development?
The government don't give any incentives for the poor to invest in land or businesses, or to accumulate savings. People know since that the government is going to take thier money, they dont even try to save.
6. If politics is important to explaining poverty and a nation’s level of wealth, how is it also important to explaining the gap between rich and poor within a nation?
It is important because theres shows that there is a major difference between them. It s also a good thing because it...
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