It’s an age-old question: Why do some countries flourish while others flounder? Even in an economic downturn, we live amongst staggering wealth in America while many countries are mired in poverty. MIT Professor Daron Acemoglu has said, “Economic inequality has detrimental effects on economic growth in general.”
“Recognizing the role of institutions and why societies choose or accept institutions that stifle growth are crucial steps toward understanding why much of the world is still poor, and also in developing a better perspective for dealing with the current crisis,” says Jacques Lawarree, Professor, Associate Chair, Robert and Larina Davis Distinguished Scholar at the University of Washington.
Now more than ever, understanding the underlying economic factors that contribute to the wealth of nations is crucial. Which is why we’re excited about a new free, public lecture series being held at the University of Washington.
The First Annual Milliman Lecture in Economics will be held on May 20 at the University of Washington Waterfront Activity Center. Daron Acemoglu, an MIT professor of applied economics, will argue that we need to reconsider the factors that foster economic growth and success.
He will also explore the answers to some pressing questions about the global economy, such as:
How can a society ensure its continued growth and success?
Why do some societies succeed in growing rapidly for several decades, while others stagnate, unable to generate economic growth and a decent living standard for their citizens?
What is the role of institutions in economic growth, and why do some societies choose or accept institutions that potentially stifle growth?
This is a tremendous opportunity to learn about some of the factors that shape our global economy and gather information that may be helpful as you work toward growing your business. We look forward to hearing Professor Acemoglu speak. Will you be attending the lecture? We’d love to hear your thoughts.