Australians have experienced among the highest prosperity in the world over recent decades due partly to high-quality, independent public institutions.
Public policy economists from the World Bank and elsewhere agree that “institutions matter” for people’s living standards.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com