daron acemoglu james robinson why nations fail

This essay focuses on the topic 3 'Growth, development and institutions' in close relation with politics and development, analyzing in particular the important role assumed by institutions in the different path of development in the Democratic People's Republic of Korea, in the North, and the Republic of Korea, in the South.

In general, the book associates to the class material and touches seminars by emphasizing proponents of economic growth, global inequality, and economical theory through institutions. “Why Nations fail?” is organized around several case studies that demonstrate the fundamental differences between growth, innovation, and opportunities supportive decisions taken by “inclusive institutions” whereas “extractive institutions” that in favor of extorting economic resources within the hands of the economic elite.

The book had remarkable observations, which corresponded to my personal interests because the role of the state in economic development and power politics as a crucial factor in the economic success of a nation was in the heart of almost all considerations. Robinson sought to find a plausible correlation between why some nations are prosperous and some are dwelling in poverty. In 2012, two academics Daron Acemoglu and James A. The inevitable gap between rich and poor countries set the tone for economic debates emerging due to several global economic crisis, recessions and rising inequalities taking place more than ever.

Daron acemoglu james robinson why nations fail