Per capita income in the richest countries of the world exceeds that in the poorest countries by more than a factor of 50. What explains these enormous differences? This paper returns to an old idea in development economics and proposes that complementarity and linkages are at the heart of the...

This paper explores the role of information in the theory of economic growth and development. They way it is used here, ¡§information/ refers to every feature of an economy, including not only the economic environment, but also the institutions like markets and government policies that affect...