Co-author of the phenomenon of rich and poor countries Daron Acemoglu  awarded the Nobel Prize 

ArmInfo. Co-authors of some of the most popular bestsellers in the field of economics, social sciences and social anthropology "Why some countries are rich and others poor" and "The Narrow Corridor", Daron Acemoglu and James Robinson, together with Simon Johnson, became the winners of the Nobel Prize in Economics.  

Acemoglu, of Armenian  origin, and Johnson represent the University  of Massachusetts, while Robinson represents the University of  Chicago. They were awarded the  Nobel Prize for their studies of how  institutions are formed and  affect prosperity.  As stated in the  press release of the Swedish Academy of Sciences, the research of the  laureates allows us to understand why societies with a poor rule of  law and institutions that exploit the population don't change for the  better.

The laureates have shown in their studies that one explanation for  differences in countries prosperity is the societal institutions that  were introduced during colonization. Inclusive institutions were  often introduced in countries that were poor when they were  colonized, over time resulting in a generally prosperous population.  This is an important reason for why former colonies that were once  rich are now poor, and vice versa.

 the press  release quotes the words of Jakob Svensson, the chairman of the Prize  Committee in Economic Sciences.

Acemoglu and Robinson believe that political freedom arises from  social struggle. They insist that there is no universal template for  freedom - no specific conditions that always lead to it, and no  unfolding historical progression that inevitably guarantees it.  Freedom is bestowed by elites, and there is no guarantee that freedom  will remain intact even if it is enshrined in law. True democracy and  freedom do not arise from checks and balances or clever institutional  design, but are created and maintained by a much more involved  process of social mobilization, people defending their own freedoms,  and actively imposing limits on the imposition of rules and behavior  patterns on them. The Swedish National Bank established the Nobel  Prize in Economic Sciences in Memory of Alfred Nobel in 1968, on the  occasion of its 300th anniversary. The prize was first awarded the  following year for outstanding achievements in this field. The first  laureates were Ragnar Frisch and Jan Tinbergen for their work on  dynamic models in economic analysis.