BEGIN:VCALENDAR
VERSION:2.0
PRODID:talks.ox.ac.uk
BEGIN:VEVENT
SUMMARY:Deals and Development: The Difficult Dynamics of Sustaining Growth
  Episodes in 'Deals' Countries - Lant Pritchett (Harvard University)
DTSTART;VALUE=DATE-TIME:20181010T123000
DTEND;VALUE=DATE-TIME:20181010T140000
UID:https://talks.ox.ac.uk/talks/id/f5847b99-9bf7-4eb8-8220-43c1d2839165/
DESCRIPTION:An important puzzle in the economics of growth is that "good i
 nstitutions" seem to be necessary to achieve high levels of per capita inc
 ome (aside from pure resource rich countries) but that all of the episodes
  of very rapid growth begin in periods of weak institutions.  This raises 
 the questions of (a) how episodes of rapid growth are initiated in periods
  of weak institutions and (b) what is the relationship between economic gr
 owth and the dynamics of the quality of institutions.  The first answer so
 mething like: a move to "growth friendly closed ordered deals" can substit
 ute for "good rules" and "strong institutions" in initiating growth episod
 es.   The answer to the latter appears to be:  "anything can happen"--that
  is\, some episodes of growth\, even if initiated with closed ordered deal
 s evolve stronger institutions and transition towards "rules" systems whil
 e in other episodes of closed ordered deals undermine institutions\, which
  leads to a (reasonably) predictable pattern of politically driven collaps
 e of regimes which ends growth episodes and can lead to subsequent growth 
 episodes from horrific (e.g. Liberia) to crisis (e.g. Egypt) or long-run s
 tagnation until a new deals regime emerges.  How\, and whether\, conscious
  action of any agents can be successful in modulating these difficult dyna
 mics of deals economies is a (the?) super pressing research question.\nSpe
 akers:\nLant Pritchett (Harvard University)
LOCATION:Manor Road Building (Lecture Theatre)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/f5847b99-9bf7-4eb8-8220-43c1d2839165/
BEGIN:VALARM
ACTION:display
DESCRIPTION:Talk:Deals and Development: The Difficult Dynamics of Sustaini
 ng Growth Episodes in 'Deals' Countries - Lant Pritchett (Harvard Universi
 ty)
TRIGGER:-PT1H
END:VALARM
END:VEVENT
END:VCALENDAR