Notes

xi, 529 pages, 16 unnumbered pages of plates
illustrations, maps, portraits, facsimiles.
Contents: Preface : Why Egyptians filled Tahrir Square to bring down Hosni Mubarak and what it means for our understanding of the causes of prosperity and poverty -- So close and yet so different -- Theories that don't work -- The making of prosperity and poverty -- Small differences and critical junctures : the weight of history -- 'I've seen the future, and it works' : growth under extractive institutions -- Drifting apart -- The turning point -- Not on our turf : barriers to development -- Reversing development -- The diffusion of prosperity -- The virtuous circle -- The vicious circle -- Why nations fail today -- Breaking the mold -- Understanding prosperity and poverty.
Summary: Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, Acemoglu and Robinson marshall historical evidence from the Roman Empire to the Soviet Union, from Korea to Africa, to build a new theory of political economy with great relevance for the big questions of today, including: China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? Is America moving from a virtuous circle, in which efforts by elites to aggrandize power are resisted, to a vicious one that enriches and empowers a small minority? What is the most effective way to help move billions of people from the rut of poverty to prosperity? This book will change the way you look at - and understand - the world. (Publisher)