Why Nations Fail - The Origins of Power, Prosperity and Poverty

Understanding the underlying reasons for the success or failure of nations has long fascinated economists, historians, and policymakers alike. In their influential work, Daron Acemoglu and James A. Robinson meticulously dissect the forces that shape the fortunes of countries, arguing that political and economic institutions, rather than geography, culture, or pure chance, are the primary determinants of national prosperity or poverty. Their analysis traces historical patterns and uses compelling case studies, offering a comprehensive framework for interpreting global disparities in wealth and power.

• Institutional frameworks are the most significant factor distinguishing prosperous...

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