Why Nations Fail? Daron Acemoglu: The Role of Inclusive and Extractive Institutions on Shaping Technological Change, Innovation, and Prosperity

Authors

  • Shlair Abdulkhaleq Al-Zanganee Department of Economics & Administrative Sciences, Ishik University, Erbil, Iraq

Keywords:

Inclusive Institutions, Extractive Institutions, Inequality, Institutional Change

Abstract

 Professor Daron Acemoglu argues in his book Why Nations Fail? The Origin of Power, Prosperity, and Poverty (2012), coauthored with James A. Robinson that the role played by inclusive and extractive institution is the main reason behind the huge gap in the standards of living between poor and rich nations. Such institutions emerge within the contextual political, economic, and social environment and they shape technological progress and innovation. By taking the United States as an example, Acemoglu argues that extractive institutions are enabling both economic and political inequality and contribute to the negative consequences of such types of inequality.

References

Acemoglu, D., & Robinson, J. A. (2012). Why nations fail: The origin of power, prosperity, and

poverty. New York: Crown Publishers.

Acemoglu, D. (Starr Forum). (2012, October 22). Why nations fail: The origin of power, prosperity, and

poverty [Video file]. Retrieved from https://www.youtube.com/watch?v=r9cQzQVt8u8

Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations, Printed for W. Strahan

and T. Cadell: London.

Downloads

Published

01.12.2015

Issue

Section

Articles

How to Cite

Al-Zanganee, S. A. (2015). Why Nations Fail? Daron Acemoglu: The Role of Inclusive and Extractive Institutions on Shaping Technological Change, Innovation, and Prosperity. International Journal of Social Sciences & Educational Studies, 2(2), 34-39. https://ijsses.tiu.edu.iq/index.php/ijsses/article/view/614

Similar Articles

1-10 of 112

You may also start an advanced similarity search for this article.