Why Nations Fail: The Origins of Power, Prosperity, and Poverty

https://www.youtube.com/watch?feature=player_embedded&v=4c2BvtRWAL4#at=28
Published on Mar 27, 2012




Daron Acemoglu of MIT discusses his book, "Why Nations Fail: The Origins of Power, Prosperity, and Poverty." "Why Nations Fail" answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? http://forum-network.org




failed states related to extractive institutions, infighting, spills into civil war

gradual transition 19th c England
revolutionary transition -reigns of terror
 bolshevik revolution  and that of rance =extreme transitions
role of level playing fields and equality  of access