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Why Nations Fail — And the Country the Theory Can’t Explain
Why Nations Fail begins with one of the largest questions in economics: why do some nations become prosperous while others remain trapped in poverty? Daron Acemoglu and James A. Robinson argue that geography, culture and natural resources are not enough to explain the difference. Their answer is institutions — the political and economic rules that determine who holds power, who receives opportunity and who benefits from growth.Across examples ranging from divided communities and colonial extraction to the decline of Venice and England’s Industrial Revolution, the book distinguishes between…
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