Political Economy

A six-part analytical series drawing on Acemoglu and Robinson's Why Nations Fail, examining how political and economic institutions, not geography, culture, or ignorance, explain the vast disparities in global prosperity.

Foreign Direct Investment (FDI) is often celebrated as a shortcut to development. But for many developing countries, the reality resembles an old colonial plantation: foreign‑owned enclaves extract cheap labor, land, and tax breaks, while profits flow back to wealthy home countries. Local economies receive low‑wage jobs but little industrial deepening.