Why some nations fail and others succeed

What instils poverty in some nations and persistent wellbeing in others? Is it climate, culture or is it due to politics?

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BAKU - Why is South America so fundamentally different to North America? What instils permanent poverty in some nations and persistent wellbeing in others? How is it that Germany managed to rebuild itself twice in the 20th century? Is it climate, culture or is it due to the decisions of policymakers? In Why Nations Fail: The Origins of Power, Prosperity, and Poverty, the authors Daron Acemoglu and James Robinson weigh in the discussion and identify the role of political and economic institutions as the most decisive factor that traps societies in cycles of bankruptcy or wealth.

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