Economics
Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Prize in Economics for their research on the institutional foundations of national wealth and poverty. Their work focuses on how the institutions established in former European colonies continue to shape economic outcomes today. The researchers found that colonies with inclusive, democratic institutions, often […]
Global stock markets experienced a significant plunge on Monday, driven by fears of a U.S. economic slowdown. The Dow Jones opened over 1,000 points lower, the S&P 500 dropped by 4.25%, and the Nasdaq Composite fell by more than 6%, though they recovered slightly later in the day. Japanese stocks also faced severe losses, with […]
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