6/4/2023 0 Comments Prof ha joon chang![]() ![]() ![]() Ethical diversity - hampering trust and increasing transactions cost for contracts and a factor encouraging violence and conflict within countries.Natural resource curse driving conflict and corruption.The latter approach is becoming more prominent and influential in development economics thinking - such as cultural factors, path-dependency from historic forces. Meta-structure - nature of forces of nature and history beyond the interventions of humans Structure - how different sectors of the economy (farming, industry) are related to each other determine economic outcomes. Human agency - what economic agents do (individuals and companies) - government economic strategies, corporate strategy down to individual economic decisions Why have some countries been more successful than others in achieving sustained economic development? Whereas others have experienced prolonged periods of under-development.īroadly three main types of explanations for different development outcomes: Here are some study notes from a talk given by Professor Ha-Joon Chang on "Are some countries destined for under-development?" ![]()
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