
Why Nations Fail
by Daron Acemoglu and James A. Robinson
Acemoglu and Robinson argue that the stark prosperity gap between nations is driven not by geography, culture, or ignorance but by the distinction between inclusive and extractive political and economic institutions. Their sweeping comparative history, built on pairs like Nogales Arizona/Sonora and North/South Korea, claims that elites who monopolize power lock in poverty while pluralistic institutions create self-reinforcing prosperity.
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