Why do prosperous economies develop in some countries and not in others? The Working Group on Long-Run Prosperity applies approaches from a range of disciplines to understand the mechanics of long-run growth. It disseminates the results to the research community, policy makers, and the broader public.

Working Group on Long-Run Prosperity Conference
The Chinese Economy in the Long Run

The Hoover Institution hosts the Chinese Economy in the Long Run on March 6-7, 2025

How did China go from being the wealthiest and most innovative society in the world circa 1000 to economic decline 500 years later? How did it grow fast enough to achieve middle-income status during the late 20th century? Is China poised to break into the ranks of high-income countries at present? The Working Group on Long-Run Prosperity is convening a distinguished group of economists, historians, and political scientists from around the world to address questions about China’s economic growth and stagnation over the past 1000 years.

The Middle-Income Trap in Latin America

The Hoover Institution hosted The Middle-Income Trap in Latin America on December 4, 2024

This conference examines why many Latin American economies have stagnated and have yet to transition to high-income countries. It will be held in collaboration with the Center for Research and Teaching in Economics (CIDE) in Mexico City.

Long-Run Prosperity Research

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