Beenish Fatima ‘Why Nations Fail: the origins of power, prosperity, and poverty is a research-based book authored by Daron Acemoglu and James A. Robinson and it discusses at length the huge power differences between rich and poor nations around the globe. By analyzing data and historical roots of different countries, the authors conclude that it is mainly the institutional structure of the nations that determine their progress; “it is the political process that determines what economic institutions people live under, and it is the political…
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