Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions-with no end in sight.They create an ever-increasing standard of living for all and not just the oligarchs.
Why Nations Fail (??) - Douban
This argument was previously and more formally presented in another paper by Acemoglu and Robinson, Institutions as the Fundamental Cause for Long-Run Growth.
The New York Review of Books. Apfelkuchen am Meer
Inclusive political institutions that are sufficiently centralized in order to provide a role as enforcer of law and order and encourage and regulate economic activity, are called inclusive political institutions.
Why Nations Fail - Why Nations Fail by Daron Acemoglu and
It explains why Spain, despite the same access to the Atlantic Trade fell behind England in economic development.
The same is true of our example from Western Colombia. Ganz normale Helden
The extractive Mayan Empire, for example, remained to create wealth over greater than six centuries.