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

The differences between the Koreas is due to the politics that created these completely different institutional trajectories. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. 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). Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. 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 mino

DARON ACEMOGLU is the Killian Professor of Economics at MIT. JAMES A. . ROBINSON, a political scientist and an economist, is the David Florence Professor of Government at Harvard University. In 2005 he received the John Bates Clark Medal awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge. A world-renowned expert on Latin America and

They found unexpected answers—ones that may not satisfy partisans of either side, but have the ring of truth.Why Nations Fail is full of astounding stories. Much of their work focused on a single question: Why are poor places poor, and is there something we can do about it?This is one of the most important questions imaginable in economics—indeed, in the world today. He lives in Amherst, Massachusetts.A few years ago, while I was researching a book on the history of globalization, I suddenly realized that I was seeing the same two names on a lot of the smartest stuff I was reading. My suspicion is

"Ground Hog Day Revisited" according to Albert Holden. The authors have written a wonderful work. They use numerous examples to fortify their theory of"Why Nations Fail". One doesn't need an advanced degree in Economics or History to appreciate this work. Everyone who is concerned about the future of Western Democracy and particularly the United States should make the effort and take the time to read it. You will see the threat to liberty we face today after reading the Ground Hog Day Revisited Albert Holden The authors have written a wonderful work. They use numerous examples to fortify their theory of"Why Nations Fail". One doesn't need an advanced degree in Economics or History to appreciate this work. Everyone who is concerned about the future of Western Democracy and particularly the United States should make the effort and take the time to read it. You will see the threat to liberty we face today after reading the 462 pages of this work. Here in the United States the threat of the establishment of extractive government regulation and the end to our inclusive, pluralistic society is dire. . 62 pages of this work. Here in the United States the threat of the establishment of extractive government regulation and the end to our inclusive, pluralistic society is dire. . "Highly recommended for all Third World leaders, Foreign Service Personnel, Lobbyists and State Deoartment employees" according to BARTUM KULAH. A great book!!! I could not put it down. This book is well written, and has very good and in depth research. This should be a required text in all colleges and Universities. Every African and third world leader should get a copy. This is a must read for all candidates of the impending elections in Liberia to succeed Ellen Johnson Sirleaf. I suggest that Riva Livinson; and other lobbyists involved in Africa ought to read this book multiple times, keep a copy at their office, and give copies to each of their clients. In addition those in the US Foreign Service, the State Deoartment and Congre. Compelling Theory Would Have Benefited From Better Editing It is quite a daunting task to come up with a comprehensive and compelling theoretical framework to explain why certain nations are able to achieve success while others remain on the treadmill of failure of long periods of time. The task is made more challenging when attempting to apply this theory to such a lengthy timeframe, as this book does, rather than a shorter time frame such as the 20th century. I'm a bit of a skeptic when it comes to such broad theoretical frameworks and brought that skepticism to my reading of "Why Nations Fail".I'd break my views about this book into two separate