Acemoglu

Definition

Daron Acemoglu is an influential economist known for his critical contributions to the understanding of political economy, focusing on how political institutions impact economic outcomes and drive modernization. His work, often in collaboration with James Robinson, explores the role of institutions in economic development and the dynamics between political power and economic progress.

Related terms

Modernization Theory: A theoretical approach suggesting that all countries can reach developed status by following specific processes of societal and economic changes.

Political Institutions: Structures and mechanisms governing a country or society, including laws, regulations, and norms that shape political behavior and socioeconomic outcomes.

Economic Development: The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in per capita income, reduction in poverty, and expansion of infrastructure