Why Some Countries Are Poor And Others Rich
Olivia Luz
Acemoglu and his co author james robinson say the key difference.
There is no tendency for poor countries around the world to grow either faster or slower than rich countries. Yet in the 241 years since the book s publication the gap between rich countries and poor countries has grown even larger. For every botswana and south korea there is a madagascar and niger. Actually this classic s full title is an inquiry into the nature and causes of the wealth of nations and smith does indeed attempt to explain why some nations achieve wealth and others fail to do so.
One of the reasons why some countries are rich while others are poor is corruption.
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