Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoğlu
My rating: 5 of 5 stars
A nation's poverty or prosperity may have as much to do with politics as economics, says Daron Acemoglu.
The MIT professor argues that more democratic countries with inclusive political institutions create sustained prosperity, while “extractive” authoritarian regimes lead toward poverty.
Acemoglu discusses why China is not the exception.
Listen to an interview with Acemoglu: http://www.imf.org/external/podcast/2...