Read this summary by Lucky Tan
http://singaporemind.blogspot.sg/2012/09/why-nations-fail.html
Quote:
There is an interesting book by Daron Acemoglu. an MIT economist and James A Robinson.a political scientist from Harvard. When they talk about failure, it is not a country disappearing or wipe off from the map but a failure of its socio-economic and political systems leading to abrupt change or revolutions.
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You should read the book in its entirety but in case you don't have time, as usual, I'll summarise its findings for you.
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"Countries such as Great Britain and the United States became rich because their citizens overthrew the elites who controlled power and created a society where political rights were much more broadly distributed, where the government was accountable and responsive to citizens, and where the great mass of people could take advantage of economic opportunities" - Extract from the book.
http://singaporemind.blogspot.sg/2012/09/why-nations-fail.html
Quote:
Why Nations Fail
.
You should read the book in its entirety but in case you don't have time, as usual, I'll summarise its findings for you.
.
"Countries such as Great Britain and the United States became rich because their citizens overthrew the elites who controlled power and created a society where political rights were much more broadly distributed, where the government was accountable and responsive to citizens, and where the great mass of people could take advantage of economic opportunities" - Extract from the book.
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