(2 points) Read Article 2 to answer questions 5 and 6: Acemoglu, Daron, Francisco Gallego, and James A Robinson. 2014. Institutions, Human Capital and Development, Annual Reviews of Economics 6: 875-9

(2 points) Read Article 2 to answer questions 5 and 6: Acemoglu, Daron, Francisco Gallego, and James A Robinson. 2014. Institutions, Human Capital and Development, Annual Reviews of Economics 6: 875-912. 

(a) “Colonial experiences provide better human capital of developing countries” do you agree? Provide your explanation after reading article 2. (Word limit 250).

 (b) Summarize the relationship among institutions, human capital accumulation, and long-run economic development. (Word limit 300).