29 Jul '12, 9am

A review of "Why Nations Fail" by Daron Acemoglu and James A Robinson & how the insights can be extended to Singapore:

A review of "Why Nations Fail" by Daron Acemoglu and James A Robinson & how the insights can be extended to Singapore:

Written by Daron Acemoglu and James A Robinson, the central theme of the book “Why Nations Fail ” is to explain the huge differences in incomes and standards of living that split the rich countries of the world from the poor, and put forward a perspective based on how institutions created from politics can evolve the way towards progress or fail depending on their nature of being inclusive and extractive. The book also sought to debunk known theories such as the geography hypothesis advocated by the ecologist and evolutionary biologist, Jared Diamond , the culture hypothesis and finally the ignorance hypothesis proposed by the economists. There are interesting insights extracted from this book that any interested reader of politics and economics will enjoy and how they can be applied in context on Singapore in the present day. The combination of insights from Daron Acemogl...

Full article: http://www.bernardleong.com/2012/07/29/why-nations-fail-b...

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