This is a very ambitious book written by two of the world's most respected academic development economists, and is a must-read for anyone interested in why some countries are rich and others poor. Steve Radelet: If you like books that focus on the big questions of development and put today's development challenges in a broad historical context, you'll love Why Nations Fail.
It also looks forward, asking whether China's rapid growth will continue, whether America's best days are behind it, and whether western aid organizations use the best approaches and ideas in helping reduce poverty. Written for a non-technical audience, the book romps through several thousand years of human history by drawing on examples from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, the United States, countries in Africa, and China to build a new theory of the political economy of development. More strongly, they argue that development differences across countries are exclusively due to differences in political and economic institutions, and reject other theories that attribute some of the differences to culture, weather, geography or lack of knowledge about the best policies and practices. Robinson argue that it is political and economic institutions that underlie economic success. Why Nations Fail is a sweeping book aimed at answering one of the most critical questions facing the world today: why are some nations rich and others poor? Authors Daron Acemoglu and James A. RobinsonĬhosen by: USAID Chief Economist Steven Radelet Synopsis: Why Nations Fail by Daron Acemoglu and James A.
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