Three US-based academics Simon Johnson, James Robinson and Daron Acemoglu won the 2024 Nobel Prize in Economics for their work on:
Correct answer: A. "How institutions are formed and affect prosperity"
- A. "How institutions are formed and affect prosperity"
- B. "Advancing understanding of women's earnings and labor market outcomes"
- C. "Research into banks and financial crises"
- D. "Failure of macroeconomic policies in developing countries"
Explanation
The laureates studied how political and economic institutions are created and how inclusive institutions support long-term prosperity. The other choices describe different areas of economic research.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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