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Nobel Laureates Help Solve the Inequality Puzzle

Oct 14, 2024

While even the world’s poorest economies have become richer in recent decades, they have continued to lag far behind their higher-income counterparts – and the gap is not getting any smaller. According to this year’s Nobel Prize-winning economists, institutions are a key reason why. From Ukraine’s reconstruction to the regulation of artificial intelligence, the implications are as consequential as they are far-reaching.

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miles dudley Oct 14, 2024

despite deeper poverty in the emerging markets, i think concern should be weighted in favor of curing poverty and the sense of disenfranchisement in the u.s.
A trump victory will mean the end of Ukraine, probably a russian advance into nato europe and perhaps an outbreak of more overt aggression by the chinese.
other moderately capitalist democracies require our support, without which we would see the worst possible deterioration of inequality world wide.
congrats on the nobel prize!
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Waleed Addas Oct 14, 2024

Congratulations! I recall that The Economist newspaper did a global study more than thirty years ago and concluded that many factors like human or natural resources make a country progress and lack of these resources make another country regress but that one factor out of all these factors stood out and that was the institutional-governance factor that really made countries progress and others fail to catch up!
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