What was the title of Daron Acemoglu's influential book published in 2012?
Why Nations Succeed
Global Economics
Why Nations Fail
The Economy Today
Answer
Certainly! "Why Nations Fail", published by Daron Acemoglu and James Robinson in 2012, argues that the key determinant of long-term economic success or failure is the nature of political and economic institutions. The authors contend that inclusive institutions, which encourage participation and economic investment, lead to prosperity, while extractive institutions, which concentrate power and wealth in the hands of a few, stifle economic growth.
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