The Global Economy Prize has been awarded by the Kiel Institute for the World Economy and its partners since 2005, honoring those who have pioneered “creative and path-breaking” globalization initiatives in politics, business, and science. This year, it recognizes the outstanding contribution of economist Daron Acemoglu.
“Daron Acemoglu is an economist in a league of his own, not only because of his outstanding theoretical work, but also because he dares to write up his research findings in such a way that they are accessible to a wider audience,” The Institute writes of their decision to award Acemoglu with this year’s prize.
Acemoglu’s poverty research in particular caught the attention of the Kiel Institute and its partners, the City of Kiel and the Schleswig-Holstein Chamber of Commerce. Along with Harvard’s James Robinson, Acemoglu co-authored Why Nations Fail: The Origins of Power, Prosperity, and Poverty, an ambitious and cutting-edge work of major historical, political, and cultural significance. Drawing upon fifteen years of original research, the book effectively shows that it is man-made political and economic institutions that most significantly contribute to a nation’s economic prosperity or suffering.
Acemoglu—pictured left, above—is honored with the 2019 Global Economy Prize alongside Dr. Wolfgang Schäuble MdB and Hikmet Ersek, Präsident.
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