I'm Bennett, and like everyone else, I'm a senior at University School, where I have a passion for the humanities, with a focus on history and political philosophy. I'm interested in researching different economic regulatory institutions country by country, in order to understand their effects on economic factors like growth and sustainability. This is likely one of the most pressing issues today, because as the argument grows on about how to develop third world countries, we must ask ourselves which institutions to set up for these places to succeed. My book over the summer, Why Nations Fail, addresses this exact issue. Contradicting other popular theories from researchers like Jared Diamond, this book argues that factors like geography or culture are not determinant to the success of a nation. The only true impact on a country's success is the set of man-made institutions that run that nation. This book gave me a serious understanding of the construction(which is often poor) of different systems in different nations that cause them to fail or succeed. I'm excited to understand how to create good institutions for our nation, but I have slight trepidations about just how much research I'll need to do. This is a big project with lots of knowledge needed to complete it, but I'm hopeful that I'll be able to fully accomplish what I intend to.
The main questions that I am asking are first: how can a nation create a moral and effective institution/law, and secondly: how do real examples of said attempts play out?
I hope to create a research paper that is clear and effective in communicating my research, as well as a presentation. But I am also hoping to do something else that will be more engaging than a long paper, but exactly what that is is currently unclear.