![]() In turn, this drives innovation and investment, leading to sustainable economic growth. Such institutions secure political representation and economic freedom for a wide range of the population. In contrast, rich countries have achieved sustainable economic growth by building inclusive political and economic institutions. They argue that most of the world’s countries are poor because their political and economic institutions are extractive, which means they’re designed to benefit the small elite that holds power. While most social scientists blame this inequality on geography, culture, or incompetent leadership, Acemoglu and Robinson think the problem is political. ![]() ![]() Robinson argue that institutional differences are responsible for the profound inequalities between nations today. In Why Nations Fail, economists Daron Acemoglu and James A. ![]()
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