Daron Acemoglu and James Robinson's 2012 argument that nations fail because of extractive economic and political institutions — and succeed when they develop inclusive institutions that distribute power broadly — contrasting with geographical, cultural, or leader-based explanations of development.
Provides the institutional explanation of economic development — Why Nations Fail's central thesis (inclusive political institutions that distribute power lead to inclusive economic institutions that distribute opportunity) reframes development as fundamentally a political problem, not a technical one.
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