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Summary - Why Nations Fail: Based On The Book By Daron Acemoglu And James A. Robinson
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SUMMARY
WHY NATIONS FAIL
BASED ON THE BOOK BY DARON ACEMOGLU AND JAMES A. ROBINSON
SUMMARY WRITTEN BY: SPEEDY LIBRARY
CONTENT
The Roots of Global Inequality
Theories That Don’t Work
Extractive vs. Inclusive Institutions
Critical Junctures and Institutional Drift
The Case of the Roman and Aksum Empires
The Glorious Revolution and the Rise of Parliament
Barriers to Development and Technology
The Vicious Circle of Poverty
Diffusion of Prosperity
General Analysis
ABOUT THE ORIGINAL BOOK
"Why Nations Fail" by Daron Acemoglu and James A. Robinson explores why some nations are prosperous while others remain poor. The book argues that a country's institutions, more than its geography or culture, determine its fate. It contrasts inclusive institutions, which allow broad participation and protect property rights, with extractive institutions, that concentrate power and wealth in the hands of a few. Through historical examples, the book illustrates how critical junctures can shape the institutional paths of nations, creating either virtuous cycles of growth or vicious cycles of stagnation. It further shows that even with inclusive institutions, constant vigilance is needed to prevent backsliding into extractive practices.
© 2025 Speedy Library (오디오북): 9798347811366
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오디오북: 2025년 2월 11일
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