Preconditions for Growth
Countries that have successfully converged to higher income levels often share key preconditions, such as freedom from conflict and a basic degree of rule of law. Prolonged instability, like that seen in Iraq and Afghanistan, severely hampers growth prospects. Additionally, a minimum level of governmental control is essential for enforcing laws and fostering an environment conducive to investment and development.In this clip
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The Science of Everything Podcast
Episode 108: Political Institutions and Sustained Economic Growth
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