What steps can a country take to change its institutions

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1. Do empirical studies of the determinants of the steady state tell us anything more than that the richest economies are OECD economies? Are OECD economies a successful blue- print for emerging nations, and can their key factors be easily transplanted? Why?

2. What role can governments play in improving the steady state? What does this imply about the relationship between the size of government and GDP per capita?

3. What steps can a country take to change its institutions? What dif?culties might it ex- perience?

Reference no: EM13887695

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