Summary of Why Nations Fail

Summary of Why Nations Fail by Daron Acemoglu and James A. Robinson | Includes Analysis


Why Nations Fail: The Origins of Power, Prosperity, and Poverty is an examination of the causes of economic inequality. Authors Daron Acemoglu and James A. Robinson conclude that underdevelopment is caused by political institutions and not by geography, climate, or other cultural factors. Elites in underdeveloped countries deliberately plunder their people and keep them impoverished.
The city of Nogales is half in Mexico and half in the United States. People in Nogales on the US side of the border are well-educated, prosperous, and have long life expectancies. Those on the Mexican side are poor, poorly educated, and have shorter life expectancies.
The differences in Nogales can’t be explained by geography or culture. Instead, different governments cause the differences in development. The United States historically established pluralist institutions that encouraged technological innovation and spread wealth throughout the population. By contrast, in Mexico, Spanish conquerors established extractive institutions that were intended to…

PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book.

Inside this Instaread Summary of Why Nations Fail by Daron Acemoglu and James A. Robinson | Includes Analysis

Overview of the Book
Important People
Key Takeaways
Analysis of Key Takeaways

About the Author

With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
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    SariyyaBalıntı yaptı3 yıl önce
    underdevelopment is caused by political institutions and not by geography, climate, or other cultural factors. Elites in underdeveloped countries deliberately plunder their people and keep them impoverished.
    Dasha Sobolevaalıntı yaptıgeçen ay
    Why Nations Fail makes a strong polemical case for a controversial theory. Acemoglu and Robinson are partisans in this debate, and their perspective colors all aspects of their book. Readers who wish to consider the cases made for other causes of development will need to consult other sources. Jared Diamond, the historian against whom the authors most conspicuously argue, criticized Why Nations Fail in theNew York Review of Books, where he predictably argued that geography has a greater effect on development than Acemoglu and Robinson believe it does. [11] Roberto Patricio Korzeniewicz, a comparative and historical sociologist writing in Jacobin, argued that the authors ignore the extent to which global capitalism creates and depends upon inequality. [12]
    Dasha Sobolevaalıntı yaptıgeçen ay
    The book discusses the ways in which imperial nations imposed extractive institutions that impoverished nations in Africa and Latin America. But the possibility that economic success in one democratic nation may be linked to the undemocratic exploitation of another is never examined

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