Why Nations Fail by James A. Robinson, Daron Acemoğlu

The citizen's failure is a well-written book to tackle the big problems many people consider every day - some countries divided by wealth and poverty, health and disease, food and famine why it is poverty. Authors Daron Acemoglu and James Robinson explained that the answer to this question is that modern political and economic systems influence economic success. The political system can be divided into two categories: comprehensive and exclusive. A comprehensive political regime is the key to success, including the widespread distribution of political power.

Here, the work of Daron Acemoğlu and James Robinson is very beneficial. Acemoğlu and Robinson, the origins of power, prosperity and poverty, believe that the political economy system can accept or support the prosperity economy, or can extract and destroy the prosperity economy, why the country fails It is. The authors conclude that the important difference between the economies is that they allow the economic elite and the political elite to serve their own interests ("excerpts"), or they must serve all the interests The important thing is that this is not necessarily a binary distinction.The value of this insight is that while some economies are comprehensive, other economies are not inclusive , But we have a spectrum that we can put the economy in. Organizations may try to become more inclusive.The more comprehensive and open economy is likely to secure its legitimacy Become.

Why the country failed, Daron Acemoglu and James A. Robinson: The fact that this book is a 15 year study is clear. The premise of this book is very simple: how comprehensive the system is ethical, and how is a malicious institutional system? Typical excerpts from history, important moments defining national roads, and how national politics are developed are well explained. It is a 500 page sandwich book with only a simple concept, but it never makes me feel repeatedly

In their book "Why the Country Failed", Daron Acemoglu and James A. Robison used "excavators" as a response to their nominal problems. When groups try to concentrate their power and wealth so that the group can manage the state and gain profits, an extracting body emerges. Because each of these processes can hurt the current situation and possibly overthrow one of the top oligarch countries, these countries rapidly lose their innovation, the right process, or the driving force of development. As a result, these types of institutions will become fragile and stagnate.