Infrastructure and Growth
Basic infrastructure is crucial for trade and investment, as it enables firms to access necessary inputs and sell products efficiently. While some regions, like Latin America, have made strides in infrastructure development, many sub-Saharan African countries still struggle. Additionally, the presence of basic market institutions is essential for protecting property rights and facilitating private trade, as seen in the growth trajectories of countries like South Korea and Taiwan.In this clip
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The Science of Everything Podcast
Episode 108: Political Institutions and Sustained Economic Growth
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