Why nations fail : the origins of power, prosperity, and poverty /
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, or perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. In this book the authors show that it...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York :
Crown Publishers,
[2012]
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| Edition: | First edition. |
| Subjects: |
Table of Contents:
- Why Egyptians filled Tahrir Square to bring down Hosni Mubarak and what it means for our understanding of the causes of prosperity and poverty
- 1. So close and yet so different
- Nogales, Arizona, and Nogales, Sonora, have the same people, culture, and geography. Why is one rich and one poor?
- 2. Theories that don't work
- Poor countries are poor not because of their geographies or cultures, or because their leaders do not know which policies will enrich their citizens
- 3. The making of prosperity and poverty
- How prosperity and poverty are determined by the incentives created by institutions, and how politics determines what institutions a nation has
- 4. Small differences and critical junctures: the weight of history
- How institutions change through political conflict and how the past shapes the present
- 5. "I've seen the future, and it works": growth under extractive institutions
- What Stalin, King Shyaam, the Neolithic Revolution, and the Maya city-states all had in common and how this explains why China's current economic growth cannot last
- 6. Drifting apart
- How institutions evolve over time, often slowly drifting apart
- 7. The turning point
- How a political revolution in 1688 changed institutions in England and led to the Industrial Revolution
- 8. Not on our turf: barriers to development
- Why the politically powerful in many nations opposed the Industrial Revolution
- 9. Reversing development
- How European colonialism impoverished large parts of the world
- 10. The diffusion of prosperity
- How some parts of the world took different paths to prosperity from that of Britain
- 11. The virtuous circle
- How institutions that encourage prosperity create positive feedback loops that prevent the efforts by elites to undermine them
- 12. The vicious circle
- How institutions that create poverty generate negative feedback loops and endure
- 13. Why nations fail today
- Institutions, institutions, institutions
- 14. Breaking the mold
- How a few countries changed their economic trajectory by changing their institutions
- 15. Understanding prosperity and poverty
- How the world could have been different and how understanding this can explain why most attempts to combat poverty have failed.