My favorite Quotes from “Why Nations Fail”:
“Economic institutions shape economic incentives: the incentives to become educated, to save and invest, to innovate and adopt new technologies, and so on. It is the political process that determines what economic institutions people live under, and it is the political institutions that determine how this process works.”
“Politics is the process by which a society chooses the rules that will govern it.”
Book rate: 8/10
The book is recommended for people who enjoy long and profound literature. It contain 462 pages, which open the mind and enrich it reader with new and fascinating knowledge. The division of the topics and the way the conversation evolve is done extremely well. The research presented in the book cover 15 years of data collection, worth reading.
Why Nation fail, is one of the most interesting books I read recently about the reason behind poverty. Its first 100 page are a bit slow and heavy. But reading them worth it, as it lay the foundation needed to evolve such a complicated topic. In this book, A different perspective is given about the origin of Power, social evolution and the current political structure of countries around the world.
One of the most interesting things about this book, is the length that author took to explain his theory and made sure the reader understand it fully. The amount of history presented in this book is wonderful. In my experience, reading this book has not only enlarged my general knowledge. It gave me tool evaluate better our current society and the future of Globalization.
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