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Why Nations Fail

The Origins of Power, Prosperity, and Poverty

Audiobook (Includes supplementary content)
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NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity”
“A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times
FINALIST: Financial Times and Goldman Sachs Business Book of the Year Award • ONE OF THE BEST BOOKS OF THE YEAR: The Washington Post, Financial Times, The Economist, BusinessWeek, Bloomberg, The Christian Science Monitor, The Plain Dealer
Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, or geography that determines prosperity or poverty? As Why Nations Failshows, none of these factors is either definitive or destiny.
 
Drawing on fifteen years of original research, Daron Acemoglu and James Robinson conclusively show that it is our man-made political and economic institutions that underlie economic success (or the lack of it). Korea, to take just one example, is a remarkably homogenous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The differences between the Koreas is due to the politics that created those two different institutional trajectories. Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, the Soviet Union, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, among them:
 
• Will China’s economy continue to grow at such a high speed and ultimately overwhelm the West?
 
• Are America’s best days behind it? Are we creating a vicious cycle that enriches and empowers a small minority?
*Includes a downloadable PDF of maps from the book
“This book will change the way people think about the wealth and poverty of nations . . . as ambitious as Jared Diamond’s Guns, Germs, and Steel.”—BusinessWeek

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    • AudioFile Magazine
      The authors offer a comprehensive institutional theory for the wealth and poverty of nations, extolling Òinclusive institutionsÓ as the sources of prosperity and stability and Òextractive institutionsÓ as the sources of poverty and nation failure. England's ÒGlorious RevolutionÓ of 1688 becomes the yardstick with which to measure the development of inclusive institutions around the world. Dan Woren's deep, resonant voice effectively presents the authors' sometimes complex political observations. His narration is measured and clear. As will happen when a book draws examples from around the world, Woren's pronunciation sometimes leaves something to be desired. For example, the phrase Òancien régimeÓ and the names of Communist Chinese officials create problems. F.C. © AudioFile 2012, Portland, Maine

Formats

  • OverDrive Listen audiobook

Languages

  • English

Levels

  • Lexile® Measure:1300
  • Text Difficulty:10-12

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