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Submitted by Sean Lavery on
The recently published book Why Nations Fail by Acemoglu and Robinson proposes that a nations political legal and economic institutions determine its success or failure in the longer term. Francis Fukuyame commented " A&R - two of the worlds leading experts on development - reveal why it is not geography, disease, or culture that explain why some nations are rich and some poor,but rather a matter of institutions and politics. This highly accessible book provides welcome insight to specialists and general readers alike" After reading this book I am pessimistic about development in Sub Saharan Africa, south America. Just look at recent developments in Argentina