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."
g.malongawan –
𝐓𝐡𝐞 East Africa best Novel of the Year…
𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐀𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲
Author. 𝗚𝗮𝗿𝗮𝗻𝗴 𝗠𝗮𝗹𝗼𝗻𝗴 𝗔𝘄𝗮𝗻
With the ocean of knowledge and pearls of wisdom,he stepped into the teaching kingdom where like an evergreen tree, he blossomed
A tree that never shed it’s leaves whether fall or autumn
Under whose shade we sat and weaved the web of creative thoughts
Which he encouraged us through the world of 𝐁𝐨𝐨𝐤𝐬 as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
With a zeal for teaching and a determined disposition, he created his identity and position the simple tasks of thinking, writing and reflection
Because of herculean under his direction. He completely restored our hope as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
His judgmental pen was a tool to badger, that made every sentence of our thoughts go through his editorial hammer. The best time to capture his creativity was during his first Novel
As that was the time we hoped for the best which is finally out today as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
Applying a gender lens to world of 𝐍𝐨𝐯𝐞𝐥𝐬, he continues to spread head the movement with all his heart and soul Always finding strength in adversity epitomizes his undaunted personality as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
The love and respect we have for him can’t be measured as a brother, friend, philosopher and a guide, he will always be treasured like a guiding star, we hope he continues lighting our paths
For which we will always be indebted to him from our heart as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
Today is a day to mark the beginning of renewed collaboration, to take the cause of education to new heights and actualization as we enjoyed reading 𝐑𝐞𝐥𝐢𝐠𝐢𝐨𝐧 𝐀𝐧𝐝 𝐃𝐞𝐦𝐨𝐜𝐫𝐚𝐜𝐲.
𝐂𝐨𝐧𝐠𝐫𝐚𝐭𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐀𝐮𝐭𝐡𝐨𝐫,
𝐄𝐚𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚𝐧𝐬 𝐁𝐞𝐬𝐭 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐍𝐨𝐯𝐞𝐥
𝗚𝗮𝗿𝗮𝗻𝗴 𝗠along