Why nations fail : the origins of power, prosperity and poverty / Daron Acemoglu and James A. Robinson.
Material type: TextLanguage: English Publication details: London : Profile, c2012.Description: 1 online resource (xi, 529 p.)Content type:- text
- unmediated
- volume
- 9781846684296 (hbk.) :
- 1846684293 (hbk.) :
- 9781846686108 (export ed.)
- 330 23
- HB99.5 .A24 2012
Item type | Current library | Collection | Shelving location | Call number | Copy number | Status | Date due | Barcode | |
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eBook (Electronic Book) | North South University Library | Non-fiction | Online | HB99.5.A24 2012 (Browse shelf(Opens below)) | 1 | 1 | 500010150 |
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HB74.M3.P36 2006 Panel data econometrics : theoretical contributions and empirical applications / | HB74.P8T43 2016 Misbehaving : the making of behavioural economics / | HB75.L36 2002 History of economic thought / | HB99.5.A24 2012 Why nations fail : the origins of power, prosperity and poverty / | HB99.5.W55 1985 The economic institutions of capitalism : firms, markets, relational contracting / | HB135.C47 1984 Fundamental methods of mathematical economics / | HB135.C47 2005 Fundamental methods of mathematical economics / |
Bibliography: p. [483]-509. - Includes index.
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.
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