Source: China – South China Morning PostAccording to Daron Acemoglu and James Robinson, the authors of Why Nations Fail, countries need inclusive institutions so people have incentives and opportunities to study, work, invest and innovate.The most essential inclusive institutions are generally understood to include property rights; intellectual property; free market and competition law; equal access to education and health care; equal political rights; rule of law; and public supervision.Accordingly, if a country has high education…Read More