Journal Article
Pillars of Prosperity

The Political Economics of Development Clusters

Book review on: T. Besley and T. Persson (2011). Pillars of Prosperity: The Political Economics of Development Clusters.

Timothy Besley and Torsten Persson embark on a new research agenda in their book ‘Pillars of Prosperity: The Political Economics of Development Clusters’. It is about explaining why good development outcomes—high quality of institutions, high level of income and absence of violent internal conflict—seem to be highly correlated both within a country over time as well as across countries.

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