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Umar Khan
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoğlu

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The vicious circle is based on extractive political institutions creating extractive economic institutions, which in turn support the extractive political institutions, because economic wealth and power buy political power.
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
by Daron Acemoğlu
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