development clusters--places that tend to combine effective state institutions, the absence of political violence, and high per …-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they … pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the …

slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and …

explores the significance, causes, and consequences of path dependence in the evolution of technology and institutions. The …