Daniel Castañeda Garzon

Why Nations Fail Since “Why South American countries have poor life conditions and North America’s countries have good life conditions” or “Why the communism failed”. The objective of the writers with this book is to explain what the causes of the poverty in the world are and how we can solve this big problem that kills millions of people per year. This book explains from an economics point of view a lot of events that happened and changed the world, like what the causes and consequences of the Arab Spring was, or what happened in the Great Leap Forward in China. Daron Acemoglu and James A. Robinson created a very interesting book that explains a lot of important economics concepts that help the reader to understand how the political and economic institutions work. The main thesis of this book is that only two political and economic institutions exist: inclusive or exclusive, and a country could have good or poor life conditions depending on if its institutions are inclusive or exclusive. So, if you want to learn a lot of history and understand why your country is poor or rich, this book will be very useful.