In the Media

The Associated Press highlights commentary from Prof. Daron Acemoglu and Prof. Simon Johnson following the announcement that the economists had been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their research into “why societies with poor rule of law and exploitative institutions do not generate sustainable growth.”. Acemoglu emphasized: Democracy directly “contributes to economic growth, not easily, not right away, it takes a couple of years and it's a difficult business to make democracy work. But generally, countries that democratize grow faster and they grow the right way, meaning they grow in a way that is more equal, and invest more in education and health, so both political and economic inclusion matter, and they are synergistic.”