Question

In the book "Why Nations Fail" by Acemoglu and Rominson explain what are some of the weaknesses in their argument? Can it be applied to all countries?

Answer 1

'Why Nations Fail' is truly an awesome book.It is a great aspiring work that cruise through past and around the world to answer the most meaningful question that why some nations became wealthy and others dont.

But this book has many weakness in their argument that make it a bit more complicated to countersign.The text is monotonous and hurting.It can be noticed that same points are bouncing back more than one time.This book can be rewritten much shorter less than 500 pages without removing any of the historical examples mentioned in the book.

The legal and institutional theories mentioned in this book feels more reductive.It is very doubtful that such a wide range of historical incidents should be known primarily regarding extractive and inclusive institutions.providentially, the authors arr focussed enough to accept the restrictions of their approach.

It cannot be applied to all countries. Because each country has its own culture and way of life of people.There many nations in which the peoples living there may not be provided education. Thus each nation has different GDP and economic conditions.

Thanks!.