Wednesday, March 26, 2014

Brooks on institutions & poverty

Yesterday's column by David Brooks discussed the rule of law, or lack thereof, in developing countries, much like Acemoglu and Johnson's Why Nations Fail. It's hard to see how foreign aid or intervention could easily establish the rule of law where it doesn't exist, short of invasion and occupation, which does not exactly appeal. These topics seem like a critical beachhead for research on development.