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how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast differences in prosperity between nations.

While announcing the award, Jakob Svensson, the chairman of the economics...

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