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Study Notes

Economic Growth - The Importance of Institutions

AS, A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 20 Dec 2017

Institutions matter for economic growth and development. This is widely recognised in the economics literature; consider for example the damage to economic prosperity and the risks to human development and welfare in failing states and those in which corruption is deeply embedded among ruling elites.

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