Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a…
The report shows how world arrangements-for trade, finance, technology-harmstring development efforts, how they should be changed to give developing countries a fairer chance to lift themselves out of poverty.
A respected international economic advisor and the director of The Earth Institute shares a wide-spectrum theory about how to enable economic success throughout the world, identifying the different categories into which various nations fall in today's economy while posing solutions to top political, environmental, and social problems that contribute to poverty.