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Why Nations Fail 

Amazon US
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Daron Acemoglu James Robinson
0307719219


Amazon Japan
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Daron Acemoglu James Robinson
0804138273


This book is a strong antithesis against such deterministic theory as Jared Diamond's "Guns, Germs and Steel". The authors state that a nation's development is not determined by geography, climate, culture or religion but economic and political institutions which reinforce each other and a series of historic coincidences.

The theory is supported by a wide range of historical and current evidences including Zimbabwe, South Africa, China, two towns near the US-Mexican border and UK history.  According to such evidences, institutions can be either extractive or inclusive and an inclusive institution supported by pluralistic power distribution tends to lead to virtuous cycle of development.

This is an intellectually stimulating and fascinating book.  And fun to read.




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