Acemoglu, Daron; Robinson, James Alan; Verdier, Thierry A. - National Bureau of Economic Research (NBER) - 2003
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...