The Blessings of Scarcity: The Institutional Underpinnings of Small States' Development

• In Event: Historical and Institutional Legacies

Brief Overview

This paper demonstrates that population constraints in the early years of state formation engender long-term development by incentivizing open markets and large public sectors.

Authors

• Steve Monroe, Yale-NUS College

• Muhammad Bin Khalid, Yale-NUS College

• Jonathan Fu, Yale-NUS College