Why Nations Fail : The Origins Of Power, Prosperity, And Poverty, By Daron Acemoglu Essay

1539 WordsMay 1, 20157 Pages
Name : Tutor : Course: Date : Book Review- Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoglu (Author), James A. Robinson Background The book ‘Why nations fail’ was written by Daron Acemoglu and James A. Robinson. The first author, an economics lecturer and was promoted to full professor in 2000. He is a member of the economic growth program of the Canadian Institute of Advanced Research. His interests and particularly to his audience are political economy where most of his works concentrate on political economy development with regards to the roles of institutions. The co-author also a professor at Harvard University, has studied economics at the London schools of economics, the university of Warwick and Yale University. He mostly concentrates on comparing economic and political development with particular interest in Latin America and Sub-Saharan counties. The two authors base the book on economics. The book is intended for a general, much wider audience although it specifically tends to appease to the economics student. The book attempts to offer crucial insight into political economic failure especially with regards to extractive states. It is important for the economic student and the general reader to understand their history so as to forge the future. Summary I found this book to be very interesting especially on reasons as to why most nations fail. The fundamental reason or the book is to explain why some nations fail while others
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