Question

The book, Why nations Fail: the origins of power, a prosperity and poverty, overview summarizing the main points, key goals conclusions and arguments?

Answer 1

The historical evidences derived from the Roman empire, Latin America, England, Europe, Medieval Venice etc to construct a new premise of political economy which answers the big questions like-

1. How to move billions of people from sheer poverty to a prosperous state?

2. An authoritarian growth machine built up by china. Will the pace of growth will continue for China?

3. America’s struggle between the elites and the underprivileged

The man made political & economic institutions that are beneath the economic success. Taking Korea as an example which is a homogenous nation but the people of this country are amongst the poorest contrary to the South Koreans. Economic opportunities are way more in South Korea. Accountability and responsiveness of the citizens added another factor.