The First Five Centuries are the Hardest
+ Brandon Fuller
In the 1960s, economic development experts spoke of the benefits from letting each country develop its own technology. By the 1980s, it was clear how foolish it was to ask each country to reinvent each technology. Countries began experimenting with higher degrees of economic openness, leveraging technology and competition from abroad to drive development and reduce poverty.
Yet today, discussions about economic development still presume that each country must reinvent a local system of governance, with police, judges, and prosecutors who are strong enough to enforce the law yet accountable enough to obey it themselves. Honduras is now challenging this presumption. In a recent post for NPR’s Planet Money blog, we discuss Honduras’s bold new approach. Here’s an excerpt:
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