The Importance of Institutions (Brief)

The power of institutions illustrated. But what causes institutions? Can we change institutions?

[QhawekaziMdolomba]

Thank you with this summary, I have an idea now ❤

[adrielaraujo]

Nogales, MX isn't one of the richest cities or parts of Mexico.

[canaan]

An alien could see them from outer space😂

[DanishKhan-glhx]

I hate when someone tries to push down the throat his/her personal agenda disguising it as a educational video, distorting the true picture and conveniently leaving out chunks of truth and facts which doesn't fit into propaganda well.
This video say that North Korea and South Korea are almost a perfect natural experiment demonstrating the power of institutions, and then pointing towards the wealth gap of North and South. Conveniently left the the fact that North has been isolated and put so many of sanctions upon. If united states would have been imposed with so many sanctions and isolation they would not have done much different. Although i certainly believe the power of institution but North and South korea is no way the perfect example of power of institution.