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

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"Why Nations Fail: The Origins of Power, Prosperity, and Poverty" is a book written by Daron Acemoglu and James A. Robinson. It is a book about economics and political science that discusses the factors that determine why some nations are successful and... Show More
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Nations' Success Factors
Nations' Success Fac...
"Why Nations Fail: The Origins of Power, Prosperity, and Poverty" is a book written by Daron Acemoglu and James A. Robinson. It is a book about economics and political science that discusses the factors that determine why some nations are successful and others are not. The authors argue that the root cause of economic prosperity or poverty lies in the political and economic institutions of a society. They argue that inclusive institutions, which allow for broad participation and the rule of law, are key to a nation's success, while extractive institutions, which concentrate power and wealth in the hands of a narrow elite, lead to poverty and underdevelopment. The book draws on historical and contemporary examples to illustrate its arguments and provide insights into the factors that shape the prosperity of nations.
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