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Why Nations Fail Summary

Daron Acemoglu et al.

Why Nations Fail

by Daron Acemoglu et al.

Why Nations Fail

Daron Acemoglu et al.

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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 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? 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.

For example, Botswana 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 their 2013 book, 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 read, 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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Favorite Quote

"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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