Daron Acemoglu,James A.Robinson

Why Nations Fail

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Maxym Sergiyovychhas quoted6 years ago
They get it wrong not by mistake or ignorance but on purpose. To understand this, you have to go beyond economics and expert advice on the best thing to do and, instead, study how decisions actually get made, who gets to make them, and why those people decide to do what they do. This is the study of politics and political processes.
Maxym Sergiyovychhas quoted6 years ago
Keep those people in check with effective democracy or watch your nation fail.
Veronika Zagievahas quoted5 years ago
In 1800 probably only 2 to 3 percent of the citizens of the Ottoman Empire were literate, compared with 60 percent of adult males and 40 percent of adult females in England. In the Netherlands and Germany, literacy rates were even higher.
Ira Yashinahas quoted5 years ago
The most famous was the commenda, a rudimentary type of joint stock company, which formed only for the duration of a single trading mission. A commenda involved two partners, a “sedentary” one who stayed in Venice and one who traveled. The sedentary partner put capital into the venture, while the traveling partner accompanied the cargo. Typically, the sedentary partner put in the lion’s share of the capital.
Ira Yashinahas quoted5 years ago
Extractive institutions are so common in history because they have a powerful logic: they can generate some limited prosperity while at the same time distributing it into the hands of a small elite.
Ira Yashinahas quoted5 years ago
Farther east, the Russian emperor Peter the Great was also consolidating an absolutism far more intense and extractive than even Louis XIV could manage.
Данилhas quoted6 years ago
The enduring implications of the organization of colonial society and those societies’ institutional legacies shape the modern differences between the United States and Mexico, and thus the two parts of Nogales.
Zhanna Muratbekqyzyhas quoted6 months ago
The aristocracy was not the only loser from industrialization.
Zhanna Muratbekqyzyhas quoted6 months ago
Economic institutions that create incentives for economic progress may simultaneously redistribute income and power in such a way that a predatory dictator and others with political power may become worse off.
Zhanna Muratbekqyzyhas quoted6 months ago
there are few books, let alone computers.
Zhanna Muratbekqyzyhas quoted6 months ago
capturing the capital city, Seoul,
Zhanna Muratbekqyzyhas quoted6 months ago
North Korean army invaded the South
Zhanna Muratbekqyzyhas quoted6 months ago
Within a month of Japan’s August 15 unconditional surrender, Korea was divided at the 38th parallel into two spheres of influence. The South was administered by the United States. The North, by Russia.
Zhanna Muratbekqyzyhas quoted6 months ago
After Ottoman rule collapsed, the Middle East was absorbed into the English and French colonial empires, which, again, stunted their possibilities.
Zhanna Muratbekqyzyhas quoted6 months ago
economic development based on the export of palm oil and ground nuts;
Zhanna Muratbekqyzyhas quoted6 months ago
In West Africa there was rapid
Zhanna Muratbekqyzyhas quoted6 months ago
Before the Korean War and the division at the 38th parallel, it had an unprecedented homogeneity in terms of language, ethnicity, and culture.
Zhanna Muratbekqyzyhas quoted7 months ago
The great inequality of the modern world that emerged in the nineteenth century was caused by the uneven dissemination of industrial technologies and manufacturing production. It was not caused by divergence in agricultural performance.
Zhanna Muratbekqyzyhas quoted7 months ago
a slave would count as three-fifths of a free person
Afia Subahhas quotedlast year
Fundamental y it is a political transformation of this sort that is required for a poor society to become rich
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