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Gambling on Development Review - by Pradyumna Prasad

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How the politics of countries matters for development

Gambling on Development Review How the politics of countries matters for development Pradyumna Prasad Sep 18, 2022 26 3 Share TL;DR Economic development is dependent on the deal between elites of a country. In most poor countries, elites choose to extract resources from the economy because the policies that lead to development can endanger their political position . When elites decide to have pro-growth policies, they’re taking a risk that it will work out and benefit them personally . Most elites do not want to take this risk, and would rather enjoy the spoils of corruption instead. Some circ

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