Economic Institutions and Why They Matter

Why are some nations poor while others are prosperous? What are “economic institutions” and how do they shape incentive structures, standards of living and opportunities available in different countries?

Could economic institutions be the key to a nation’s success? How do such institutions relate to income per capita, poverty, life expectancy, political rights and civil liberties, gender inequality, educational attainment, and even happiness?

In this session, see potential answers to these questions and other learning and discussion prompts.