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Why Nations Fail

Why Nations Fail
The Origins of Power, Prosperity, and Poverty

by Daron Acemoglu,James A. Robinson

  • Publisher : Currency
  • Release : 2012-03-20
  • Pages : 544
  • ISBN : 0307719235
  • Language : En, Es, Fr & De
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Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Summary of Why Nations Fail

Summary of Why Nations Fail
By Daron Acemoglu and James A. Robinson | Includes Analysis

by Instaread Summaries

  • Publisher : Idreambooks
  • Release : 2016-09-22
  • Pages : 30
  • ISBN : 9781683785040
  • Language : En, Es, Fr & De
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Summary of Why Nations Fail by Daron Acemoglu and James A. Robinson Includes Analysis Preview: Why Nations Fail: The Origins of Power, Prosperity, and Poverty is an examination of the causes of economic inequality. Authors Daron Acemoglu and James A. Robinson conclude that underdevelopment is caused by political institutions and not by geography, climate, or other cultural factors. Elites in underdeveloped countries deliberately plunder their people and keep them impoverished. The city of Nogales is half in Mexico and half in the United States. People in Nogales on the US side of the border are well-educated, prosperous, and have long life expectancies. Those on the Mexican side are poor, poorly educated, and have shorter life expectancies. The differences in Nogales can't be explained by geography or culture. Instead, different governments cause the differences in development. The United States historically established pluralist institutions that encouraged technological innovation and spread wealth throughout the population. By contrast, in Mexico, Spanish conquerors established extractive institutions that were intended to... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Why Nations Fail by Daron Acemoglu and James A. Robinson Includes Analysis Overview of the Book Important People Key Takeaways Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at instaread.co.

SUMMARY - Why Nations Fail: The Origins Of Power, Prosperity, And Poverty By Daron Acemoglu And James A. Robinson

SUMMARY - Why Nations Fail: The Origins Of Power, Prosperity, And Poverty By Daron Acemoglu And James A. Robinson
A Book

by Shortcut Edition

  • Publisher : Shortcut Edition
  • Release : 2021-06-05
  • Pages : 35
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. As you read this summary, you will learn why the presence or absence of certain political and economic institutions encourage or retard progress toward prosperity. You will also discover that : Poor countries are not poor because their leaders do not know how to enrich their people; China's current growth will not last; In many countries, the ruling elites oppose economic development for fear of losing their omnipotence; Some countries have managed to overcome many natural and cultural handicaps; Colonization, far from promoting development, has on the contrary impoverished the countries that were victims of it; Institutions evolve with history and sometimes take the wrong path. Two localities that form one and have the same name: Nogales. One is in the United States, in the state of Arizona, and the other in Mexico, in the state of Sonora. The political boundary between the two cities is largely artificial: both have more or less the same population, the same culture. Why, then, is Nogales, Arizona, a rich city, while Nogales, Sonora, is a poor city? It's because they don't have the same institutions. The political and social institutions of Nogales-Arizona promote growth and economic development, while those of Nogales-Sonora discourage them. *Buy now the summary of this book for the modest price of a cup of coffee!

Why Nations Fail

Why Nations Fail
The Origins of Power, Prosperity, and Poverty - Summary and Analysis

by Summary Station

  • Publisher : Createspace Independent Publishing Platform
  • Release : 2015-11-05
  • Pages : 54
  • ISBN : 9781519135179
  • Language : En, Es, Fr & De
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Learn About The History Of Nations In A Fraction Of The Time It Takes To Read The Actual Book!!! Get this 1# Amazon bestseller for just $2.99. Regularly priced at $9.99. Read on your PC, Mac, smart phone, tablet or Kindle device Acemoglu's theory and explanation of the differences in global prosperity is as enlightening as it is entertaining. He manages to make the puzzling concept dead simple to understand because the book, rather then a lengthy lecture explaining the theory, is a series of examples supporting it. After the first chapter, you will fundamentally understand the concept and theory behind this book, and each subsequent chapter will support the theory in fascinating ways.Take the opening example for instance: comparing a city, Nogales, that was literally cut in half by the US-Mexico border. So many history books and experts like to chalk up the world's current state to fate, such as in differences in climate or geographical location. Yet here is a shining example of how none of those things matter. At one point, this was just one city and now it has become two cities so different, you'd think their shared name and location was some sort of joke.Here Is A Preview Of What You'll Learn When You Download Your Copy Today * How Todays Wealthy Countries Run Their Governments Different From The Rest OF The World* The Reason Why Most Theories About Successful Nations Are Wrong * Learn About The Successfful Nations Of The Past That FailedDownload Your Copy Today! The contents of this book are easily worth over $9.99, but for a limited time you can download the summary of Robinson and Acemoglu's "Why Nations Fail" by for a special discounted price of only $2.99

Why Nations Fail

Why Nations Fail
The Origins of Power, Prosperity, and Poverty

by Daron Acemoglu,James A. Robinson

  • Publisher : Unknown Publisher
  • Release : 2013
  • Pages : 529
  • ISBN : 9780804138277
  • Language : En, Es, Fr & De
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About the failure of many countries to achieve economic prosperity.

Summary of Why Nations Fail

Summary of Why Nations Fail
by Daron Acemoglu and James A. Robinson | Includes Analysis

by Instaread

  • Publisher : Instaread
  • Release : 2016-09-25
  • Pages : 40
  • ISBN : 168378507X
  • Language : En, Es, Fr & De
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The Narrow Corridor

The Narrow Corridor
How Nations Struggle for Liberty

by Daron Acemoglu,James A. Robinson

  • Publisher : Penguin UK
  • Release : 2019-09-26
  • Pages : 560
  • ISBN : 0241981727
  • Language : En, Es, Fr & De
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'As enjoyable as it is thought-provoking' Jared Diamond By the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms - and explains how liberty can thrive despite new threats. Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect individuals or too strong for people to protect themselves from despotism. There is also a happy Western myth that where liberty exists, it's a steady state, arrived at by 'enlightenment'. But liberty emerges only when a delicate and incessant balance is struck between state and society - between elites and citizens. This struggle becomes self-reinforcing, inducing both state and society to develop a richer array of capacities, thus affecting the peacefulness of societies, the success of economies and how people experience their daily lives. Explaining this new framework through compelling stories from around the world, in history and from today - and through a single diagram on which the development of any state can be plotted - this masterpiece helps us understand the past and present, and analyse the future. 'In this highly original and gratifying fresco, Daron Acemoglu and Jim Robinson take us on a journey through civilizations, time and locations. Their narrow corridor depicts the constant and often unstable struggle of society to keep the Leviathan in check and of the Leviathan to weaken the cage of norms. A remarkable achievement that only they could pull off and that seems destined to repeat the stellar performance of Why Nations Fail' Jean Tirole, Nobel Laureate in Economics, 2014 'Another outstanding, insightful book by Acemoglu and Robinson on the importance and difficulty of getting and maintaining a successful democratic state. Packed with examples and analysis, it is a pleasure to read' Peter Diamond, Nobel Laureate in Economics, 2010 'The Narrow Corridor takes us on a fascinating journey, across continents and through human history, to discover the critical ingredient of liberty. It finds that it's up to each of us: that ingredient is our own commitments, as citizens, to support democratic values. In these times, there can be no more important message - nor any more important book' George Akerlof, Nobel Laureate in Economics, 2001 'How should we view the current challenges facing our democracies? This brilliant, timely book offers a simple, powerful framework for assessing alternative forms of social governance. The analysis is a reminder that it takes vigilance to maintain a proper balance between the state and society - to stay in the 'narrow corridor' - and avoid falling either into statelessness or dictatorship' Bengt Holmstrom, Nobel Laureate in Economics, 2016

The Price of Prosperity

The Price of Prosperity
Why Rich Nations Fail and How to Renew Them

by Todd G. Buchholz

  • Publisher : HarperCollins
  • Release : 2016-06-07
  • Pages : 384
  • ISBN : 0062405713
  • Language : En, Es, Fr & De
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In this bold history and manifesto, a former White House director of economic policy exposes the economic, political, and cultural cracks that wealthy nations face and makes the case for transforming those same vulnerabilities into sources of strength—and the foundation of a national renewal. America and other developed countries, including Germany, Japan, France, and Great Britain are in desperate straits. The loss of community, a contracting jobs market, immigration fears, rising globalization, and poisonous partisanship—the adverse price of unprecedented prosperity—are pushing these nations to the brink. Acclaimed author, economist, hedge fund manager, and presidential advisor Todd G. Buchholz argues that without a sense of common purpose and shared identity, nations can collapse. The signs are everywhere: Reckless financial markets encourage people to gamble with other people’s money. A coddling educational culture removes the stigma of underachievement. Community traditions such as American Legion cookouts and patriotic parades are derided as corny or jingoistic. Newcomers are watched with suspicion and contempt. As Buchholz makes clear, the United States is not the first country to suffer these fissures. In The Price of Prosperity he examines the fates of previous empires—those that have fallen as well as those extricated from near-collapse and the ruins of war thanks to the vision and efforts of strong leaders. He then identifies what great leaders do to fend off the forces that tear nations apart. Is the loss of empire inevitable? No. Can a community spirit be restored in the U.S. and in Europe? The answer is a resounding yes. We cannot retrieve the jobs of our grandparents, but we can embrace uniquely American traditions, while building new foundations for growth and change. Buchholz offers a roadmap to recovery, and calls for a revival of national pride and patriotism to help us come together once again to protect the nation and ensure our future.

Why Nations and Economies Can Fail

Why Nations and Economies Can Fail
A Book

by Introbooks

  • Publisher : Independently Published
  • Release : 2019-03-14
  • Pages : 26
  • ISBN : 9781090465696
  • Language : En, Es, Fr & De
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The world is currently in a relatively peaceful state with billions of people living under a comfortable roof and feels warm enough during winter nights. Many do not suffer, but it is very possible for all these things to be flipped over in a matter of days. The economy and 'peaceful' nations that we see today are not forever. Take Greek, for example, a nation that used to possess the highest level of civilization is now drowning in debt.The extractive economy (a system that relies on harvesting and exporting raw or low-processed materials) that various countries fall into due to lack of means to process raw materials are signs of the danger. It is a vicious cycle that was pointed out by Daron Acemoglu in his book 'Why Nations Fail: The Origins of Power, Prosperity, and Poverty'. And this is only the tip of the iceberg that might surface anytime soon according to the book.

Top Secret! What 100 Brave Critics Say about Why Nations Fail

Top Secret! What 100 Brave Critics Say about Why Nations Fail
The Origins of Power, Prosperity, and Poverty

by Jake Carter

  • Publisher : Lennex
  • Release : 2013-01
  • Pages : 50
  • ISBN : 9785458878395
  • Language : En, Es, Fr & De
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In this book, we have hand-picked the most sophisticated, unanticipated, absorbing (if not at times crackpot!), original and musing book reviews of "Why Nations Fail: The Origins of Power, Prosperity, and Poverty." Don't say we didn't warn you: these reviews are known to shock with their unconventionality or intimacy. Some may be startled by their biting sincerity; others may be spellbound by their unbridled flights of fantasy. Don't buy this book if: 1. You don't have nerves of steel. 2. You expect to get pregnant in the next five minutes. 3. You've heard it all.

Why Latin American Nations Fail

Why Latin American Nations Fail
Development Strategies in the Twenty-First Century

by Matías Vernengo,Esteban Pérez Caldentey

  • Publisher : Univ of California Press
  • Release : 2017-10-03
  • Pages : 240
  • ISBN : 0520964527
  • Language : En, Es, Fr & De
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The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new strategies that by and large have failed to explain or reduce income disparity and relieve poverty in the region. Why Latin American Nations Fail brings together leading Latin Americanists from several disciplines to address the topic of how and why contemporary development strategies have failed to curb rampant poverty and underdevelopment throughout the region. Given the dramatic political turns in contemporary Latin America, this book offers a much-needed explanation and analysis of the factors that are key to making sense of development today.

Why Nations and Economies Can Fail

Why Nations and Economies Can Fail
A Book

by IntroBooks Team

  • Publisher : IntroBooks
  • Release : 2019-12-04
  • Pages : 24
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The world is currently in a relatively peaceful state with billions of people living under a comfortable roof and feels warm enough during winter nights. Many do not suffer, but it is very possible for all these things to be flipped over in a matter of days. The economy and ‘peaceful’ nations that we see today are not forever. Take Greek, for example, a nation that used to possess the highest level of civilization is now drowning in debt. The extractive economy (a system that relies on harvesting and exporting raw or low-processed materials) that various countries fall into due to lack of means to process raw materials are signs of the danger. It is a vicious cycle that was pointed out by Daron Acemoglu in his book ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’. And this is only the tip of the iceberg that might surface anytime soon according to the book.

Book Review

Book Review
Why Nations Fail

by Dr. George Patrick,Hazlizal Hamzahari

  • Publisher : Unknown Publisher
  • Release : 2015
  • Pages : 44
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Summary, Analysis & Review of Daron Acemoglu's & James A. Robinson's Why Nations Fail by Instaread

Summary, Analysis & Review of Daron Acemoglu's & James A. Robinson's Why Nations Fail by Instaread
A Book

by Instaread

  • Publisher : Unknown Publisher
  • Release : 2016-10-19
  • Pages : 129
  • ISBN : 9781539638698
  • Language : En, Es, Fr & De
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Summary, Analysis & Review of Daron Acemoglu's & James A. Robinson's Why Nations Fail by Instaread Preview Why Nations Fail: The Origins of Power, Prosperity, and Poverty is an examination of the causes of economic inequality. Authors Daron Acemoglu and James A. Robinson conclude that underdevelopment is caused by political institutions and not by geography, climate, or other cultural factors. Elites in underdeveloped countries deliberately plunder their people and keep them impoverished. The city of Nogales is half in Mexico and half in the United States. People in Nogales on the US side of the border are well-educated, prosperous, and have long life expectancies. Those on the Mexican side are poor, poorly educated, and have shorter life expectancies. The differences in Nogales can't be explained by geography or culture. Instead, different governments cause the differences in development. The United States historically established pluralist institutions that encouraged technological innovation and spread wealth throughout the population. By contrast, in Mexico, Spanish conquerors established extractive institutions that were intended to... PLEASE NOTE: This is a Summary, Analysis & Review of the book and NOT the original book. Inside this Summary, Analysis & Review of Daron Acemoglu's & James A. Robinson's Why Nations Fail by Instaread - Overview of the Book - Important People - Key Takeaways - Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at instaread.co.

Why Nations Fail. Key Arguments and Empirical Support of the Theories

Why Nations Fail. Key Arguments and Empirical Support of the Theories
A Book

by Johannes Simon

  • Publisher : GRIN Verlag
  • Release : 2019-06-25
  • Pages : 16
  • ISBN : 3668965323
  • Language : En, Es, Fr & De
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Essay from the year 2018 in the subject Politics - International Politics - Topic: Globalization, Political Economics, University of Göttingen, language: English, abstract: “An estimated 766 million people, or 10.7 percent of the world’s population, lived in extreme poverty in 2013.” (World Bank 2017, p. 1) As if these numbers itself weren’t enough sign of the great inequality in incomes after centuries of prosperity, following the World Income Indicators, more than half of the people living under these circumstances originate from one region, Sub-Saharan-Africa. Maybe as long as growth has been observable, controversies about the causes and its inherent erratic distribution flourished. Over time, many hypotheses have been proposed, discussed and rejected. Two of the ones that managed to establish themselves are subject of this essay. More specifically, what their key arguments and empirical support are. One the one hand, the institutional theory of growth promoted most notably by Acemoglu and fellows (2012; 2005). On the other hand the geographic theory of growth, proposed by Sachs et al. (1998; 1999). Plan of the essay is as follows. Chapter II will describe the institutional theory of growth as described in Acemoglu and Robinson (2012). Chapter III assesses the key factors and their empirical support of the institutional and geographic growth hypotheses respectively. Followed by Chapter IV, which gives insight on surrounding literature. Chapter V discusses the main problems of each line of argument, concluding that the institutional model offers more consistency.

How & Why Nations Fail

How & Why Nations Fail
A Book

by A. I. Abana

  • Publisher : Createspace Independent Publishing Platform
  • Release : 2016-09-04
  • Pages : 102
  • ISBN : 9781537468587
  • Language : En, Es, Fr & De
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In a world forged by the shards of history it is not to be expected that countries court the very things that have proven to be the grey cardinals fostering the underdevelopment, backwardness and failures that mark them and others. Time and again these things perpetrate the carnage, tumult and catastrophes that have kept countries chained, making them haemorrhage God given potential, with some managing to attain only a modicum of progress in areas they would have been no less of the global best. These harbingers of failure and backwardness are not restricted to any one country, they are to be found in just about every geographical expression known to mankind as a "nation." They differ only to the degree to which they are pronounced and in the reach within which their effects are palpable. It is my unreserved intent in this volume to disambiguate these agents of national failure down to the metal, to the end that such knowledge may prove useful in whatever noble scope it is needed.

Botswana’s Economic Success

Botswana’s Economic Success
A reaction to “Why Nations Fail” (Acemoglu/Robinson 2012): Is Botswana’s success only caused by institutions – and is it experiencing modern economic growth?

by Christopher King

  • Publisher : GRIN Verlag
  • Release : 2013-10-07
  • Pages : 7
  • ISBN : 3656510997
  • Language : En, Es, Fr & De
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Essay from the year 2013 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,0, Indiana University (Department of Political Science), course: Politics of International Development, language: English, abstract: Botswana is a landlocked country in southern Africa with a population of about 2 million people. It used to be one of the poorest countries in Africa, but after it gained independence from the United Kingdom in 1966, it went on a transformation to a middle-income country with a per capita GDP of $16,800 in 2012 (cf. Central Intelligence Agency 2013). Today, Botswana is a multi-ethnic and multi-party representative democracy with “inclusive institutions” and the least corrupt country in Sub-Saharan Africa (cf. Transparency International 2012). It is ranked by Freedom House as “Free” and has a very high HIV rate of 24.8%. Botswana has been framed as an exceptional economic success story in Africa and the following essay will explore whether institutions are the only cause of Botswana’s economic success and if Botswana is experiencing modern economic growth.

Principles for Dealing with the Changing World Order

Principles for Dealing with the Changing World Order
Why Nations Succeed and Fail

by Ray Dalio

  • Publisher : Avid Reader Press / Simon & Schuster
  • Release : 2021-11-30
  • Pages : 576
  • ISBN : 9781982160272
  • Language : En, Es, Fr & De
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From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—but similar to those that have happened many times before. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead.

Institutions and Prosperity

Institutions and Prosperity
A Book

by Colin Jennings,Strathclyde Business School,University of Strathclyde. Department of Economics

  • Publisher : Unknown Publisher
  • Release : 2013
  • Pages : 12
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Why Nations Fail

Why Nations Fail
The Origins of Power, Prosperity and Poverty

by Daron Acemoglu,James A. Robinson

  • Publisher : Profile Books
  • Release : 2012-03-08
  • Pages : 320
  • ISBN : 1847654614
  • Language : En, Es, Fr & De
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Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012. Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace. Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty.