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

Language: English
Length: 529 Pages
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover) Price: Rs.1720

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.

About the Author
DARON ACEMOGLU is the Killian Professor of Economics at MIT. In 2005 he received the John Bates Clark Medal awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge.

JAMES A. ROBINSON, a political scientist and an economist, is the David Florence Professor of Government at Harvard University. A world-renowned expert on Latin America and Africa, he has worked in Botswana, Mauritius, Sierra Leone, and South Africa.

Specifications of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) (Hardcover)

Book Details
Imprint Crown Business
Publication Year 2012 March
ISBN-13 9780307719218
ISBN-10 0307719219
Language English
Binding Hardcover
Number of Pages 529 Pages
Awards Longlisted Financial Times and Goldman Sachs Business
Award Year 2012
Width 6.64 inch
Height 1.89 inch
Depth 2 inch
Weight 2.00 g
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Book Reviews of Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English)

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15 Jun 2012
first to review
Fail proof

Why nations fail is a topic which has been dissected in many books in recent years. This book examines each theory under the lens of history and proceeds to propose a new one. Writers duo have argued that institutional strength determines the longevity of state.Case is well argued and has lot of good examples. He has examined rise of China amongst emerging economies and has put some stratling predictions.Wish that he had done for India too.Suming up, great work.

1 of 1 users found this review helpful.
02 Dec 2012
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certified buyer
A very succinct and befitting one

The books is exemplary in providing an insight on how similar countries have a different growth trajectory. The works are not merely based on theories but are supplemented by thorough observations and readings. It really demystifies the incorrect notions of growth and brings out real parameters of development. Worth reading!!!!!!!!!

0 of 0 users found this review helpful.
    Book: Why Nations Fail: The Origins of Power, Prosperity, and Poverty (English) by DARON ACEMOGLU
    ISBN Number: 0307719219, 9780307719218, 978-0307719218


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