Publication
Mar 2010
Paul Romer argues that the principal constraint to raising living standards in this century will come neither from scarce resources nor limited technologies. Rather it will come from our limited capacity to discover and implement new rules—new ideas about how to structure interactions among people, such as land titles, patents, and social norms. The central task of reducing global poverty is to find ways for developing countries to adopt new rules that are known to work better than the ones they have.
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English (PDF, 12 pages, 580 KB) |
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Author | Paul Romer |
Series | CGD Essays |
Publisher | Center for Global Development (CGD) |
Copyright | © 2010 Center for Global Development (CGD) |