Oh, wow, oh, oh, oh, wow, oh, oh, wow.

Oh, wow.

Oh, yeah. Hello, you're listening to the Science of Everything podcast episode 108,

Economic Growth and Development Part 6, Institutions for Sustained Growth.

I'm your host, James Fodor.

In this episode, we're going to conclude our six-part long series on economic growth

and development, and so, needless to say, the previous episode, 107, Explanations of Growth Differences is prerequisite

for this, and really much of what I say won't make a lot of sense if you haven't listened

to the previous episodes in the series.

And what we're going to do in this episode is to sum up and conclude everything that we've

discussed in the previous five episodes in the series by focusing on which institutions

are most important for sustained economic growth and sort of try to bring everything together

looking at some case studies of countries and how that they've gone which institutions are

important and not provide some overall sort of summary conclusions perspective and so forth to sum us up

so remember that our fundamental question in this series is, why have some countries been

successful in achieving economic development and growth over sustained periods of time,

whereas others have not have grown little or not at all?

In the previous episodes, we've looked at a history of the world economy.

We've looked at the structural change that needs to occur for economic growth and development to take place.

We've looked at how growth theories describe that process of structural change.

And in the previous episode, we looked at different single factor theories or explanations of growth differences, including culture, dependency, democracy, geography, education, and institutions.

And I explained why I think institutions play the leading role

...