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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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
Episode 107: Economic Growth and Development Part V
Episode 106: Economic Growth and Development Part IV
Special Episode: Mario Livio on Galileo
Episode 105: Economic Growth and Development Part III
Episode 104: Economic Growth and Development Part II
Episode 103: Economic Growth and Development Part I
Episode 102: Photosynthesis Part II
Episode 101: Photosynthesis Part I
Special Episode: History and Future of the Show
Episode 100: Unsolved Problems in Science
Episode 99: Plant Reproduction and Fruit
Episode 98: Electromagnetic Radiation
Episode 97: Plant Structure and Function
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