Why do some countries remain poor, despite continuous policy efforts over decades to chart an economic path out of poverty? Development expert Stefan Dercon argues that it comes down to an implicit or explicit bargain among the elites to prioritize national progress. We speak to him about this theory put forth in his book, "Gambling on Development: Why Some Countries Win and Others Lose."

<p>Why do some countries remain poor, despite continuous policy efforts over decades to chart an economic path out of poverty? Development expert Stefan Dercon argues that it comes down to an implicit or explicit bargain among the elites to prioritize national progress. We speak to him about this theory put forth in his book, "Gambling on Development: Why Some Countries Win and Others Lose."</p>

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