Essays on Why Nations Fail

Based on the highly recognized work of Dereham Acemoglu and James Robinson, the book called Why Nations Fail, the origins of power, prosperity and poverty are discussed. Acemoglu, being an economist, realized that he could not find a straightforward answer to this mysterious question only…

There are various questions that economists have resorted to when trying to promote the development of a country through the elimination of poverty. Questions that address the persistent poverty in developing countries, reasons why some nations are poorer than others, and the characteristics that lead…

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…