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

October 16, 2012

ImageFrom the publisher:

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?

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.

Click here to visit a website and blog by the authors.

Why Nations Fail: the Origins of Power, Prosperity and Poverty, by Daron Acemoglu and James A. Robinson. New York : Crown Publishers, 2012. 529 p. ISBN 9780307719218

For more information on the availability of this title from the University of Toronto Libraries catalogue, click here.
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