Why Nations Fail Essays
5 samples in this category
Have you ever asked yourself why some nations are poor and others are not? Have you ever asked yourself why do some nations enjoy prosperity and others rot in poverty and inequality for ages? Have you ever asked yourself why, in the first place, there is such thing as “poor nations” and “rich nations” when clearly we live on the same planet? Was it because other nations are geographically located in areas where natural resources are abundant? Was it because...
“Why Nations Fail” is a sweeping attempt to explain the gut-wrenching poverty that leaves 1.29 billion people in the developing world struggling to live on less than $1.25 a day. You might expect it to be a bleak, numbing read. It’s not. It’s bracing, garrulous, wildly ambitious and ultimately hopeful. It may, in fact, be a bit of a masterpiece. Daron Acemoglu and James A. Robinson, two energetic, widely respected development scholars, start with a bit of perspective: Even in...
Why have some countries prospered and created great living conditions for their citizens, while others have not? This is a topic I care a lot about, so I was eager to pick up a book recently on exactly this topic. Why Nations Fail is easy to read, with lots of interesting historical stories about different countries. It makes an argument that is appealingly simple: countries with “inclusive” (rather than “extractive”) political and economic institutions are the ones that succeed and...
Why do some nations prosper while others struggle and are plagued with poverty and greed? Some people say it has everything to do with a nation’s location, culture, or lack of knowledge. But surely this can’t be the whole picture. Just look at Botswana. It currently has one of the fastest increasing economies in the world. Meanwhile, close by Congo and Sierra Leone are stuck in a cycle of violence and poverty. Why Nations Fail: The Origins of Power, Prosperity,...
Peter Singer in his paper Famine, Affluence and Mortality believe that people of higher wealth should be morally obligated to donate more to humanitarian causes than what is considered normal in western cultures. It’s Singers premice that if it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance we ought to do it. Singer makes some good points throughout his paper such as the drowning child example, where if you’re not...