Full Essay question is: To what extent do institutions explain the contrasting growth and development experience of China and Sub Saharan Africa (SSA) since 2000? Objectives: - Evaluate the importance of institutions to economic growth and development  - Apply the theory to explain the differences in economic growth between nations - Define what emerging markets is and how nations grow - Define institutions and why they're important  Theory - the mechanisms of growth - Rostow's Linear stage theory - Lewis' dual economy - shift from agricultural to industrial - Harrod Domar - savings and investment  - Neo-classical - free markets? - classical growth theory - is there a limit to growth? - how growth and development are measured and the causes of it  - underlying causes of growth and particularly why some countries are able to grow faster than others - namely institutions. - resource curse and dependency theory - ideas that arguably explains poor growth performance in some developing countries - the importance of technology (Paul Romer) Applying theory - the Asian miracle and the 'tigers' - catch up growth  - explain the economic situation in China at the end of the 1970s - explain key areas of reform and policies to address specific problems and relate these reforms to institutional theories -Identify and explain the various SSA's historical poor growth performance - explain the institutions and the nature of the state on development in SSA - explain the changing business environment in SSA countries - explain the opportunities and challenges that investors face in this changing environment  Link to some sources can be found in the attachment