The Extractive Institutions as Legacy of Dutch Colonialism in Indonesia : A Historical Case Study

While some countries are thriving in political stability and economicprosperity, others are struggling with political instability and poverty. The fundamental difference between the successful and the failed nations boildown to their institutions, as stated by Acemoglu and Robinson in their influential institutional economics work, “Why Nations Fail”. Inclusive institution is the reason why some countries achieved economic success and prosperity because they allow the population to participate and take advantage of the economic activities while extractive institutions hinder it incase of faile... Mehr ...