Daron Acemoğlu
Hardcover | Pages: 544 pages Rating: 4.06 | 27486 Users | 2678 Reviews
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| Original Title: | Why Nations Fail: The Origins of Power, Prosperity, and Poverty |
| ISBN: | 0307719219 (ISBN13: 9780307719218) |
| Edition Language: | English |
| Literary Awards: | Lionel Gelber Prize Nominee (2013), Financial Times and McKinsey Business Book of the Year Nominee for Shortlist (2012), Arthur Ross Book Award for Honorable Mention (2013), Goodreads Choice Award Nominee for Nonfiction (2012) |
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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. 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 economy 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 minority? - 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 economic institutions? Why Nations Fail will change the way you look at—and understand—the world.Specify Appertaining To Books Why Nations Fail: The Origins of Power, Prosperity, and Poverty
| Title | : | Why Nations Fail: The Origins of Power, Prosperity, and Poverty |
| Author | : | Daron Acemoğlu |
| Book Format | : | Hardcover |
| Book Edition | : | Deluxe Edition |
| Pages | : | Pages: 544 pages |
| Published | : | March 20th 2012 by Crown Business (first published March 2012) |
| Categories | : | Economics. Nonfiction. Politics. History. Business |
Rating Appertaining To Books Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Ratings: 4.06 From 27486 Users | 2678 ReviewsEvaluate Appertaining To Books Why Nations Fail: The Origins of Power, Prosperity, and Poverty
This is the type of book where they take a word (Extractive) and use it to mean something different from what it usually means and then repeat it 3,000 times and act like that explains things. The authors' overall argument is that nations work better after people revolt against oligarchs, except for all the times when that didn't work. Better books covering similar ground: , ,I found this book very interesting. I found the book very satisfying in ways that "Guns, Germs and Steel" was not; countries are not poor because of initial resource conditions or ignorance on how to become more prosperous. More often, those in power create political and economic structures to secure power while sacrificing the long-term welfare of the rest of the nation, crippling a country's ability to adapt to changing conditions or use labor and resources efficiently. The book stresses the
The central idea of the book is that states fail because of their political institutions, namely because of their extractive nature. This thesis is, in my opinion, extremely simplistic.Economic processes are never this one-dimensional. The authors argue that the three theories of poverty (nations are poor because of their unfortunate geographic location, their culture does not facilitate growth and the West simply does not know how to transform poor countries into rich ones) are completely
By Pierre BriançonThe book begins in Nogales, a city divided by a fence along the border of Arizona and Mexico, and ends 450 pages later in China, with the story of a young entrepreneur arrested in 2004 for having started a large steel plant competing with the state-owned companies. In between Why Nations Fail is a highly readable narrative of a breathtaking trip: from the Neolithic Revolution to 16th century England, from Spains Philip II to Stalin, from the Mayan city-states to the Portuguese
Why is it that there are such huge differences is living standards around the world? Why is it, that certain nations have become rich and will become ever more richer, while other countries time and time again, fail to improve their living standards?In this book, Daron Acemoğlu proposes a refreshingly simple theory that explains the main contours of economic and political development around the world sine the Neolithic Revolution. The theory discards some existing (and widely accepted) theories
Overall: very very interesting and very important topic. I would give it 5 stars except it is very long, detailed, and not an easy read. However well worth it.Thesis in brief: some countries are properous, and others are not. What causes the difference? Some are right next to each other and the difference in prosperity can not be explained by geography, climate, or even culture. Instead it is the system, and what is it about the system that explains the difference. They elaborate a theory that
This is an excellent book about the reasons why some nations are prosperous, while others are steeped in poverty. The authors contend that some nations have "inclusive" economic and political policies. These policies give a political voice to a large segment of the population, rather than only to a small elite. As a result, a set of checks and balances tends toward a positive feedback, sometimes called a "virtuous cycle". This virtuous cycle helps to accelerate the tendencies toward
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