April 25, 2012

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

Daron Acemoğlu

Why Nations Fail - Why Nations Fail by Daron Acemoglu and James Robinson

Why Nations Fail By Thomas L. Friedman Published: March 31, 2012 http://www.nytimes.com/2012/04/01/opinion/sunday/friedman-why-nations-fail.html

20 May 2012 Update

The New York Review of Books

Why Nations Fail: The Origins of Power, Prosperity, and Poverty
by Daron Acemoglu and James A. Robinson

By Jared Diamond, June 7, 2012

Diamond´s final remark:
Why Nations Fail should be required reading for politicians and anyone concerned with economic development. The authors’ discussions of what can and can’t be done today to improve conditions in poor countries are thought-provoking and will stimulate debate. Donors and international agencies try to “engineer prosperity” either by foreign aid or by urging poor countries to adopt good economic policies. But there is widespread disappointment with the results of these well-intentioned efforts. Acemoglu and Robinson pithily diagnose the cause of these disappointing outcomes in their final chapter: “Attempting to engineer prosperity without confronting the root cause of the problems—extractive institutions and the politics that keeps them in place—is unlikely to bear fruit.”


Links regarding the lecture

Adam Smith (1723–1790)

- The Wealth of Nations (1776)

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