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Institutions, Geography, and Growth

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From mit.edu (Approved: freealan), produced by MIT/Sloan
 
This is an hour long video lecture. It is sophisticated and insightful and for advanced students. "Three billion people on earth live on less than two dollars a day. A relative
handful of us fare astronomically better. How do economists account for global
“haves” and “have-nots”? Roberto Rigobon attributes a vast income inequality
across countries to four connecting factors: luck, geography, quality of
institutions, and quality of policies. If a country lies close to the 50th
parallel, its citizens’ average income is six times greater than that of an
equatorial country. " This is the type of material in this lecture.
 
Ages: 14 - 18 License: Undetermined Owner: MIT/Sloan Found by freealan
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