Essays on Why Nations Fail

Acemoglu and Robinson: Why Nations Fail In Why Nations Fail Acemoglu and Robinson follow in the footsteps of Easterly, Diamond, Sachs, Banerjee and Duflo in their attempts to explain why some nations fail while others succeed. Acemoglu and Robinson focus on the political and economic…

Institutional Theory of Economic Divergence The Institutional theory of economic divergence, as defined by Darorsn Acemoglu and James Robinson in their book Why Nations Fail: The Origins of Power, Prosperity and Poverty, states that small changes lead to critical junctures which results in economic divergences….

As Daron Acemoglu and James Robinson explain in their book Why Nations Fail, Botswana broke the mold and escaped the kind of state failure that other African states were facing elsewhere between the 1890s and 1990s. Botswana succeeded in doing this because it fundamentally changed…