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Why nations fail : the origins of power, prosperity, and poverty


Beskrivelse


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.

Indhold

Seneste udgave,

So close and yet so different

Theories that don't work

The making of prosperity and poverty

the weight of history(Small differences and critical junctures)

"I've seen the future, and it works": growth under extractive institutions(Small differences and critical junctures)

Drifting apart(Small differences and critical junctures)

The turning point(Small differences and critical junctures)

barriers to development(Not on our turf)

Reversing development(Not on our turf)

The diffusion of prosperity(Not on our turf)

The virtuous circle(Not on our turf)

The vicious circle(Not on our turf)

Why nations fail today(Not on our turf)

Breaking the mold(Not on our turf)

Understanding prosperity and poverty(Not on our turf)


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