In this sixth and final part in our series on economic growth and development, I discuss in more detail some of the key institutions necessary for economic growth to begin, focusing on property rights, enforcement of contracts, and control of corruption. I review the importance of these institutions in the context of historical case studies of countries ranging from the Soviet Union to Mexico, and outline how the most critical institutions vary with the level of development, giving rise to a middle income trap. I also discuss the Washington Consensus and critically analyse the arguments of critics that such institutional reform is not essential for growth. I conclude with a summary of all we have learned and discussed throughout the growth series. The recommended pre-listening is Episode 107: Economic Growth and Development Part V.
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Episode 6: Thermodynamics
Episode 5: Corporate Conspiracies
Episode 4: The Origin of Life
Episode 3: Organic Agriculture Part 2
Episode 2: Organic Agriculture Part 1
Episode 122: Respiratory and Circulatory Systems Part 1
Episode 121: The Biology of Pain
Episode 120: Computational Chemistry Part 2
Episode 119: Computational Chemistry Part 1
Episode 118: Cell Signalling
Episode 117: Intracellular Protein Sorting
Episode 116: The Cell Membrane
Episode 115: Special Relativity Part 2
Episode 114: Special Relativity Part 1
Special Episode: Visual Processing in Mice
Episode 113: Visual Processing
Episode 112: Introduction to Microbiology
Episode 111: Plate Tectonics
Episode 110: Weather Part II
Episode 109: Weather Part I
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