Study Notes
Economic Growth - The Importance of Institutions
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 20 Dec 2017
Institutions matter for economic growth and development. This is widely recognised in the economics literature; consider for example the damage to economic prosperity and the risks to human development and welfare in failing states and those in which corruption is deeply embedded among ruling elites.
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