2. Compare and contrast the explanations of Allen with those of Acemoglu and Robinson as to why since 1800 to some nations have become rich and richer and others have stayed relatively poor, that is, the so-called Great Divergence. Which approach, if any, do you find more convincing? Explain.
3. Foreign aid does not get at the roots of world inequality and poverty, which lie in extractive and authoritarian economic and political institutions and regimes. Providing foreign aid to such regimes is not a solution to world poverty, because inclusive economic and political institutions cannot be engineered by foreign aid. They require grassroots empowerment.”Critically discuss, giving some examples
6. “Extractive institutions tend to lead to even more extractive institutions. Power leads to wealth, and wealth buys more power. Power tends to corrupt, and absolute power corrupts absolutely. The result is a vicious circle, often sowing the seed of civil wars, economic ruin, political chaos, human suffering, descent into lawlessness, and state failure.” Discuss, giving some examples. Economics Assignment: I need help writing a research paper.
