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Author:Acemoglu, D.
Robinson, J.
Title:Political losers as a barrier to economic development
Journal:American Economic Review
2000 : MAY, VOL. 90:2, p. 126-130
Index terms:ECONOMICS
POLITICAL ECONOMY
DEVELOPMENT
Language:eng
Abstract:Per capital income in many sub-Saharan African countries, such as Chad and Niger, is less that 1/30th of that of the United States. Most economists and social scientists suspect that this is in part due to institutional failures that stop these societies from adopting the best technologies. A particularly interesting historical example comes from the diffusion of railways in the 19th century. While railways are regarded as a key technology driving the Industrial Revolution, there were large lags in their diffusion.
SCIMA record nr: 214968
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