Jean-Paul Adriaansen's Reviews > Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Why Nations Fail by Daron Acemoğlu
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's review
Dec 16, 2011

really liked it
Read from December 22, 2011 to January 31, 2012

This book offers a very plausible answer to the question why some nations prosper and others are poor even when they have the same geographical, cultural, and historical, backgrounds.
With a lot of examples (like the Roman Empire, North & South Korea, medieval Venice, ...) the author proves that the wealth of nations is mainly dependent on their governing institutions.
An inclusive political system will support the economical growth that in turn will allow citizens to pursue work that suits their talents. Where everybody can enjoy the fruits of their labor, the nations will flourish. When the institutions are "extractive," when only a few are enjoying the profits, nations will turn to poverty.

When democracy is being abused for greed, nations will go down.
Great, fascinating read, a must for politicians (hopefully they get the message.)
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