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- DescriptionBrilliant 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 igrance of what the right policies are? Simply, . 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 ecomic institutions that underlie ecomic 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 invation, and allowed everyone to participate in ecomic opportunities. The ecomic 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 rth have endured decades of famine, political repression, and very different ecomic institutions--with 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 ecomy 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 mirity? - 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 ecomic institutions? Why Nations Fail will change the way you look at--and understand--the world.
- Author BiographyDARON ACEMOGLU is the Killian Professor of Economics at MIT. 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. JAMES A. ROBINSON, a political scientist and an economist, is the David Florence Professor of Government at Harvard University. A world-renowned expert on Latin America and Africa, he has worked in Botswana, Mauritius, Sierra Leone, and South Africa.
- Author(s)James Robinson,Professor Daron Acemoglu
- PublisherCrown Business
- Date of Publication17/09/2013
- FormatPaperback / softback
- SubjectPolitics: General & Reference
- Country of PublicationUnited States
- ImprintCrown Business
- Content Noteblack & white illustrations, maps
- Weight417 g
- Width130 mm
- Height203 mm
- Spine33 mm
- Format DetailsTrade paperback (US),Unsewn / adhesive bound
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