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christianotieno 's review for:
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
by Daron Acemoğlu, James A. Robinson
The book can best be summarized by some excerpts from the last chapter which states:
Countries become failed states not because of their geography or their culture, but because of the legacy of extractive institutions, which concentrate power and wealth in the hands of those controlling the state, opening the way for unrest, strife, and civil war.
These theories gets divided into two segments throughout the book. One being of extractive and the other being of inclusive institutions and the book gets on to explain why these exist in the first place and their cause or events that could have led to and shaped the current society.
A good read.
Countries become failed states not because of their geography or their culture, but because of the legacy of extractive institutions, which concentrate power and wealth in the hands of those controlling the state, opening the way for unrest, strife, and civil war.
These theories gets divided into two segments throughout the book. One being of extractive and the other being of inclusive institutions and the book gets on to explain why these exist in the first place and their cause or events that could have led to and shaped the current society.
A good read.