Why Nations and Economies Can Fail, Introbooks Team
Why Nations and Economies Can Fail, Introbooks Team
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Why Nations and Economies Can Fail

Author: Introbooks Team

Narrator: Tracy Tupman

Unabridged: 41 min

Format: Digital Audiobook Download

Publisher: IntroBooks

Published: 08/04/2019


Synopsis

The world is currently in a relatively peaceful state with billions of people living under a comfortable roof and feels warm enough during winter nights. Many do not suffer, but it is very possible for all these things to be flipped over in a matter of days. The economy and ‘peaceful’ nations that we see today are not forever. Take Greek, for example, a nation that used to possess the highest level of civilization is now drowning in debt.The extractive economy (a system that relies on harvesting and exporting raw or low-processed materials) that various countries fall into due to lack of means to process raw materials are signs of the danger. It is a vicious cycle that was pointed out by Daron Acemoglu in his book ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’. And this is only the tip of the iceberg that might surface anytime soon according to the book. 

Reviews

Goodreads review by Alfredosc on August 11, 2021

It's a brief explanation about the reasons to fail. It's okay to have a general view about the topic.......more