Tuesday, June 26, 2012

From Foreign Policy: "states built on exploitation inevitably fail"

http://www.foreignpolicy.com/articles/2012/06/18/10_reasons_countries_fall_apart?page=full


10 Reasons Countries Fall Apart

States don't fail overnight. The seeds of of their destruction are sown deep within their political institutions.

BY DARON ACEMOGLU, JAMES A. ROBINSON | JULY/AUGUST 2012


"Most countries that fall apart, however, do so not with a bang but with a whimper. They fail not in an explosion of war and violence but by being utterly unable to take advantage of their society's huge potential for growth, condemning their citizens to a lifetime of poverty. This type of slow, grinding failure leaves many countries in sub-Saharan Africa, Asia, and Latin America with living standards far, far below those in the West."

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