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Why Nations Fail

Daron Acemoglu et al.

Why Nations Fail

by Daron Acemoglu et al.

Why Nations Fail

Daron Acemoglu et al.

5 min
3 key insights
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Why Nations Fail dives into the origins of economic inequality and explains that decision makers' poor choices, rather than culture or geography, are the main reason for the unequal distribution of resources.

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Why Nations Fail

by Daron Acemoglu et al.

Why Nations Fail

Daron Acemoglu et al.

Overview

Why do some nations prosper while others struggle and are plagued with poverty and greed? Some may say it has everything to do with a nation's location or culture. But there's more to it than these simple factors.

Take a look at Botswana's situation. It currently has one of the fastest increasing economies in the world. But meanwhile, closeby Congo and Sierra Leone are stuck in a cycle of violence and poverty. Daron Acemoğlu is a Turkish-born Armenian-American economist and MIT professor. James Alan Robinson is a British economist and political scientist.

In Why Nations Fail: The Origins of Power, Prosperity, and Poverty, Acemoğlu and Robinson centers around the striking economical differences between countries. In this eye-opening book, the authors explain that the difference between thriving and poverty-stricken countries is the result of economic and political institutions put in place during critical junctures in history.

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"As we will show, poor countries are poor because those who have power make choices that create poverty."

Daron Acemoğlu

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Why Nations Fail

Daron Acemoglu et al.

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