Question 1
Which theory in political economy emphasizes the role of institutions in shaping economic outcomes?
Question 2
What does the term 'resource curse' refer to in political economy?
Question 3
In political economy, what is the principal-agent problem?
Question 4
Which concept explains why governments might fail to implement optimal economic policies?
Question 5
What is the primary focus of the 'Washington Consensus' in political economy?
