A Review of "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development"

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Focusing on the interplay between geography, institutions, and international trade, the paper discusses findings by Rodrik, Subramanian, and Trebbi (2002) regarding their influence on income disparities across nations. The authors conclude that institutions play a crucial role in directly affecting income levels, while international trade appears to have no direct impact, and geography has only a minimal effect. This analysis highlights the importance of institutional quality in economic policy and development.