RIDGE Congratulates Acemoglu, Johnson, and Robinson on Receiving the 2024 Nobel Prize in Economic Sciences
14 October 2024
The Research Institute for Development, Growth and Economics (RIDGE) extends its sincere congratulations to Professors Daron Acemoglu, Simon Johnson, and James A. Robinson on being awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. These distinguished economists were recognized for their influential research on how institutions shape economic outcomes and long-term prosperity.
Their pioneering work, which has profound implications for development policies across the world, resonates strongly with the challenges faced by countries in Latin America and the Caribbean. In these regions, understanding how extractive versus inclusive institutions can impact economic growth is essential for addressing persistent inequality and fostering sustainable development. The insights provided by the laureates offer valuable lessons for policymakers striving to reform institutions to support long-term economic stability in these areas.
RIDGE celebrates their remarkable contribution to development economics, emphasizing its relevance not only on a global scale but also for Latin America and the Caribbean, regions where institutional reform remains a key driver of progress. Their research aligns with RIDGE’s commitment to advancing studies on economic growth and development, with a focus on addressing disparities in these emerging economies.
For more information on this year’s laureates, please visit www.nobelprize.org.