. According to our preferred interpretation, these events provide evidence that, under weak institutions, popular mobilization and …

achieved this rapid development by following orthodox economic policies. How Botswana sustained these policies is a puzzle … because typically in Africa, ‘good economics’ has proved not to be politically feasible. In this Paper we suggest that good … policies were chosen in Botswana because good institutions, which we refer to as institutions of private property, were in …

they ignore the central role of political and economic institutions, as well as the endogenous evolution of technology, in … of inequality of South Africa and Sweden to illustrate that inequality dynamics cannot be understood without embedding … economic factors in the context of economic and political institutions, and also that the focus on the share of top incomes can …

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … “cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more “cuddly” form of capitalism. Paradoxically …

-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … “cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others … will free-ride on the cutthroat incentives of the leaders and choose a more cuddly form of capitalism. Paradoxically, those …