Why Are Some Nations Rich? Insights from Nobel Prize Winners
The Nobel Prize in Economics for 2024 was awarded to three economists for their groundbreaking work that explores why some nations are rich while others remain poor.
Their research delves into the complex factors that determine economic inequality and development, offering new insights into how nations can break out of poverty and achieve sustained growth.
This award emphasizes the importance of understanding institutional, historical, and social factors that contribute to a nation’s economic success or failure.