ID Lecture 3

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Across
  1. 1. Economic institutions such as expropriation and slavery are?
  2. 7. "Wealthier, more educated citizens tend to demand democracy, threatening the power of current elites." So, inclusive institutions _ [do something to] citizens.
  3. 9. The rules of the game in a society
  4. 12. Institutions change _.
  5. 13. Contributes to economic growth by enhancing productivity, also known as human capital
  6. 16. No, we do not need democracy for development, because democracies tax the _ (Median voter theorem).
  7. 17. The degree to which [written] rules are complied with in practice
  8. 19. Rules protecting _ boost investment and growth...*
  9. 20. Democracy matters most for education and _.
  10. 21. Institutions reduce _.
  11. 23. Inclusive economic institutions can explain the differences between Botswana and Nigeria, because _ risks are much higher in Nigeria. On the other hand, the written (formal) rules are the same in the two countries.
  12. 24. Not the same as an institution
  13. 25. China was able to convince people to invest despite authoritarianism, because the elite's promises to maintain inclusive economic institutions were _. E.g. they were backed by a long-lasting organisation.
  14. 28. China's elite did not fear inclusive economic institutions because they believed they could gain from _.
  15. 30. Institutions limit our individual _.
  16. 32. "Allowing new markets and technologies _ [does something to] existing industries."
  17. 33. Yes, we do need democracy for development, because inclusive economic institutions are not credible under _.
  18. 36. Where economic growth comes from
  19. 37. This group of people usually profits from old industries
  20. 38. No, we do not need democracy for development, because democracies cannot make tough _ choices.
  21. 40. Strong institutions depend on state _.
  22. 42. Developing countries' institutions nowadays see - [faster/slower] growth than developed countries saw historically.
  23. 43. An inclusive political institution used to distribute power within society
  24. 44. Democracy sometimes makes institutions stronger and more credible, protecting _.
  25. 45. A wealthy and developed country which only became a full democracy in 1971
Down
  1. 2. Inclusive economic institutions can explain the differences between Botswana and Nigeria, because expropriation and _ are more common in Nigeria. On the other hand, the written (formal) rules are the same in the two countries.
  2. 3. The strength of inclusive ECONOMIC institutions depends on inclusive _ institutions
  3. 4. An inclusive political institution used to coordinate and enforce
  4. 5. Developing countries nowadays have far _ [better/worse] institutions than developed countries had historically.
  5. 6. Strong institutions depend on societal _.
  6. 8. No, we do not need democracy for development, because we need to 'insulate' policy-making from '_' demands.
  7. 10. Deng Xiaoping was a reformer; he could _ from new industries.
  8. 11. Institutions alter people's _.
  9. 14. Some authoritarian countries have developed _ [faster/slower] than democracies
  10. 15. Contributes to economic growth by enhancing productivity, also known as capital
  11. 17. Economic institutions that allow and encourage participation by the great mass of people in economic activities that make best use of their talents and skills are?
  12. 18. A controversial measure of a country's wealth
  13. 22. An unwritten institution is?
  14. 26. China's elite did not fear inclusive economic institutions because they believed they could develop without losing _.
  15. 27. Contributes to economic growth by enhancing productivity
  16. 29. *...but institutional _ matters more than written rules
  17. 31. China was able to convince people to invest despite authoritarianism, because the elite chose not to _, developing a reputation quickly.
  18. 34. Yes, we do need democracy for development, because pressure from voters encourages the _ of inclusive economic institutions
  19. 35. No, we do not need democracy for development, because elections create _ economic rules.
  20. 39. Yes, we do need democracy for development, because pressure from voters holds leaders _.
  21. 41. A written institution is?