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It’s evolution, baby – how institutions can improve without critical junctures
Authors
Otaviano Canuto
Tiago Ribeiro dos Santos
December 3, 2018
Related topics: 
Economy
Sectorial policies and structural transformation
Society
Inequality

Daron Acemoglu and James Robinson caught policymaker’s attention to the critical role of institutions for development. Their work gives too much emphasis to the prospects of revolution, however. A reading of the World Bank’s World Development Report of 2017 points to directions that all actors involved in the process, whether domestic or international, elite or non-elite, can take to improve societies.

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