Sociology

Economist discussion on economic development now has focused on geography and institution in addition to policies as factors influencing economic development. These factors have a share in ensuring economic development. These paper discuses the economist views on this matter of concern

Summary and ideas.
The article discusses the contribution of institutions, trade and the geography as factors that determine income distribution in the world. The article asserts that, it is the quality of the institutions that triumph over everything i.e. geography and policies encompassing trade. According to this article, geography has weak effects on income but has great indirect effect on institution quality. On the other hand, the article asserts that, institutions have great influence on policies encompassing trade and other economic activities. To add on this, this article claims that policies affects institution quality.

The ideas and summary of the article on root of development
This article postulates that, some economists claim that, it is through the long lived institutions which are conducive for growth such as property rights political stability, legal stability and so on, that economic development will be achieved.

To other economists, more weight is emphasized on geography especially the climate which greatly determines incidence of diseases, agricultural opportunities and applicability of some technologies. The access to the sea which affects the international integration scope is also emphasized as part of geography.

The relationship of two articles
The emphasis of institution as a factor influencing economic development is discussed in both articles. The interdependence of three factors influencing economic development i.e. geography, institutions and policies is also discussed in both articles.

The postulation that, the institutions maters a lot as compared with the geography and policies is apparent in both articles. A country with good institutions may certainly do well even amidst unfavorable geography and bad policies while a country with bad institutions tend to do badly regardless of good geography and policies.