Friday, May 29, 2009

Policies and Institutions

Which policies and institutions historically led to growth ? (eg. 300 years of north american growth compared to poor growth of latin america).

More egalitarian institutions compared to elitist institutions (beginning with slave plantations).

Egalitarian access to economic resources like land, education, patents/new-knowledge.

90% of adult white population in US was educated by 1800 ! Lately (1960-1990s), education is one area where tremendous progress has been achieved in developing countries, with primary enrollment reaching almost 100% levels (and secondary about 60%). However, there is a long way to go, including in terms quality of education remains a concern.

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