Root Causes by Daron Acemoglu
Daron’s Acemoglu’s “Root Causes” provides an overview of his influential research with James Robinson and Simon Johnson on the causes of the huge gap in living standards and levels of development between rich and poor countries. In this short writing assignment, I would like you to provide a summary of their argument. In your essay, please be sure to address the following questions: 1. What are the alternative candidates to explain differences in prosperity between countries? 2. What are the characteristics of good institutions? 3. Why are institutions persistent and often unchanging? 4. What is the “natural experiment” that Acemoglu et. al. exploit? How does this help “identify” the role of institutions? 5. What are the potential policy implications of their analysis?
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