InInstitutions, Factor Endowments, and Paths to Development, the authors argue that it is institutional differences that cause the United States and Canada to have better growth outcomes than Latin and South America. What reasons do the authors give for these institutional differences?

 

2. In Why, Indeed, in America?, the author argues that it is the market size and natural resources that explain the United States' growth success. Explain the author's argument for why this is the case.

Here is the address of the resources:

https://pages.nyu.edu/debraj/Courses/Readings/SokoloffEngerman.pdf

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Institutions Factor Endowments and Paths to Development In this paper by Sokoloff and Engerman the a... View the full answer