Why Nations Fail

Why do some countries enjoy wealth and stability while others struggle with poverty and instability? In Why Nations Fail, Daron Acemoglu and James A. Robinson tackle this central question of modern history. Setting aside common explanations based on geography, climate or culture, the authors argue that the true dividing line lies in human-made institutions.

Drawing on extensive historical research, the book examines societies across different eras and continents, from ancient empires and pre-colonial kingdoms to modern divided nations such as North and South Korea. Acemoglu and Robinson show how political choices and economic structures either foster broad participation and progress or protect the privileges of a few at the expense of national development. Shortlisted for the FT and Goldman Sachs Business Book of the Year Award, it offers vital insight for students, researchers, policymakers and anyone concerned with the path to lasting prosperity.