Why Nations Fail

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? 

Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? 

Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? 

(Source: Amazon.com)


Food for thought...

Nations fail today because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate.
— Acemoglu & Robinson