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Why are some nations rich and some poor? While the U.S. is rich, accounting for 25 percent of the world's GDP, there are still failed states that struggle with poverty, corruption, and crimes.
What is that decisive cause that determines a nations' success or failure? MIT economics professor Daron Acemoglu presents a solid and clear answer: institutions. More specifically, it’s the stability that is derived from economic and political institutions. He emphasizes that the prosperity of a nation depends on a delicate power balance : that balance between the nation and its people.
The world is drowning in crises, including reemerging nationalism, economic inequality, political polarization, global hegemonic competitions, and unprecedented global challenges like the COVID pandemic and climate change. Which institutions are necessary today? What world order can prevent more nations from failing? Professor Acemoglu gives us his insights on and suggestions for the precarious situation the world is in.
#greatminds #DaronAcemoglu #Economy #Richcountry #Poorcountry #MITprofessor #nationalism

[@ozkangurkal]

It is a huge honor to live w/ Acemoglu in same century and listen him

[@KunaevNS]

Why? Everything he says is just basic common sense.

[@TeamBehrens]

Why Nations Fail is one of the best books I’ve ever read. It really made me understand why economic inequality is such an important issue.

[@oluwaseyibakare2052]

Now I understand why many African countries & Nigeria are struggling inclusive & Extractive institutions

[@youngminlee6809]

I was seeking clarity on whether India's growth today would prove to be sustainable after reading your book "Why Nations Fail" ... thank you for answering my question!

[@_________63789]

acemoğlu diyemedin mi