Why Nations Fail: The Origins of Power, Prosperity, and Poverty
- novel
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conference
Brilliant and captivating, Why Nations Fail answers the question that has baffled experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and disease, food and famine?
Is it culture, climate, geography? Perhaps ignorance of the policies to adopt?
No, quite simply. None of these factors are definitive or fatal. Otherwise, how can we explain that Botswana has become one of the fastest-growing countries in the world, while other African countries, such as Zimbabwe, Congo and Sierra Leone, are mired in poverty and violence?
Daron Acemoglu and James Robinson demonstrate conclusively that it is man-made political and economic institutions that underlie economic success (or lack thereof). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, but the North Korean people are among the poorest on the planet, while their South Korean brothers and sisters are among the wealthiest. The South forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunity. The economic success it fostered was sustained because the government became accountable and responsive to its citizens and the general population. Unfortunately, the people of the North have endured decades of famine, political repression, and very different economic institutions, with no end in sight. The differences between the two Koreas are due to the policies that created these completely different institutional trajectories.
Where does it take place?
Brasserie Victor Hugo
84 Av. Victor Hugo
1750 Limpertsberg Luxembourg
by 
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