The 2024 Nobel Economics Prize has been awarded to economists Daron Acemoglu, Simon Johnson, and James A. Robinson for their transformative research on how institutions shape economic development and prosperity. Their groundbreaking work explores the critical role of inclusive institutions in driving innovation, fostering economic stability, and ensuring social well-being.
By demonstrating how institutions are formed and their lasting impact on long-term growth, the laureates have provided crucial insights into sustainable development. Their research offers valuable guidance for policymakers worldwide on how governance and institutional quality can enhance prosperity and resilience in economies.
