Why Nations Fail

Colonial Impact & Legacy

Colonial Impact & Legacy

Acemoglu and Robinson, in their widely read Why Nations Fail (2014), have an excellent example of the immediate and long-term legacy impacts of colonialism, which is worth quoting at length (p. 249-250):   The extractive institutions created by the Dutch in the Spice Islands had the desired effects, though, in Banda this was at the […]

Tags: #Colonial legacy #Colonialism #Extractive Institutions #Institutions #Why Nations Fail

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Why Nations Fail

Why Nations Fail

Why Nations Fail (2012), by Acemoglu and Robinson, is probably one of the most influential development studies books of the last decade. Although the idea itself is not new, the authors make a details and persuasive argument that institutions are a primary reason for national wealth and poverty. They write: “The central thesis of this […]

Tags: #Economic growth #Institutions #Politics #Power #Why Nations Fail

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