"The key difference is that those on the north side of the border enjoy law and order and dependable government services — they can go about their daily activities and jobs without fear for their life or safety or property rights. On the other side, the inhabitants have institutions that perpetuate crime, graft, and insecurity."
Friday, November 20, 2009
You're Prosperous Because of Bureaucrats
That idea is ratified by Dr. Mankiw, former chair of Bush's Council of Economic Advisers and Harvard economics prof, who refers us to MIT economist Darin Acemoglu in this article, which compares the Nogales cities: