Why Nations Fail by Daron Acemoglu, James A. Robinson | Geopolitics

📖 Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu, James A. Robinson (2012)
👉 See Book on Amazon | https://amzn.to/4kE5kp6

Why Nations Fail: Institutions, Not Geography or Culture, Determine Wealth

In this episode, we dive into Daron Acemoglu and James A. Robinson's groundbreaking book 'Why Nations Fail', challenging traditional views on what makes nations rich or poor. We explore how man-made institutions, rather than geography or culture, fundamentally shape economic fate. Through vivid examples from different regions and historical periods, we'll see the stark difference between inclusive and extractive institutions and how they drive prosperity or stagnation. Discover how small historical events and major shocks can impact institutional development, leading to virtuous or vicious economic cycles. Join us as we unpack these powerful insights and their implications for global economic development.

00:00 Introduction to Why Nations Fail
00:41 The Tale of Two Nogales
02:03 Institutions vs. Geography and Culture
03:58 Inclusive vs. Extractive Institutions
04:38 Growth Under Extractive Institutions
06:04 Historical Examples of Extractive Systems
07:30 Critical Junctures and Institutional Divergence
08:34 Colonial Legacies and Institutional Paths
17:11 Virtuous and Vicious Circles
21:56 Modern Examples and Hope for Change
22:06 Botswana: A Success Story
24:05 Conclusion: The Importance of Institutions

#geopolitics #history #education