NANCY WONG / HANDOUT (EFE)
James Robinson believes that economics and political science are intertwined. Influenced by The Rise of the Western World by Douglas North, James Robinson, along with his colleague Daron Acemoglu, delved into the analysis of institutional changes that facilitated the rise of modern Europe. This led him to emphasize the critical role institutions play in driving national prosperity. His groundbreaking work, reflected in books like Why Nations Fail: The Origins of Power, Prosperity, and Poverty and The Narrow Corridor: States, Societies, and the Fate of Freedom, explores how institutional arrangements drive economic progress and hinder development.
Discussing his approach to economics, Robinson highlights the importance of understanding historical, political, and sociological dimensions. He emphasizes the need for inclusive institutions that promote equal opportunities to foster sustainable growth. Addressing global challenges like immigration and authoritarianism, he stresses the significance of honest conversations and empathetic governance to address societal needs. Robinson’s insights on the impact of institutions and governance on economic outcomes provide valuable perspectives for navigating complex geopolitical trends.