Detail The Question of Extractive Elites: Buttonwood   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8781 (Apr. 2012), page 75. Topik: Economic Policy; Free Markets; Industrialized Nations; International Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The developed world has a growth problem. Of 34 advanced economies, 28 had lower GDP per head in 2011 than they did in 2007. Forecasts for growth in the current year are anemic. This sluggishness is generally perceived to be a hangover from the financial crisis of 2007 and 2008. But might the problem be structural rather than cyclical? In their new book, "Why Nations Fail: The Origins of Power, Prosperity and Poverty", Daron Acemoglu and James Robinson, a pair of economists, suggest that many countries are bedeviled by economic institutions that "are structured to extract resources from the many by the few and that fail to protect property rights or provide incentives for economic activity." In contrast, "inclusive" economies distribute power more widely, establish law and order, and have secure property rights and free-market systems. Much of current economic policy seems to be driven by the need to prop up banks, whether it is record-low interest rates across the developed world or the recent provision of virtually unlimited liquidity by the once-staid European Central Bank. The long-term effects of these policies, which may be hard to reverse, are difficult to assess. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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