Thursday, November 01, 2012

Arvind Subramanian on why nations fail

From a review of 'Why Nations Fail' by Daron Acemoglu and James Robinson ( via Chris Blattman):
"... even twenty years from now, China and India are unlikely to be adequately explained by Acemoglu and Robinson’s thesis.
..... the inability of Acemoglu and Robinson to explain the development trajectories of these two large countries is a fault not of their rich and excellent book but of the sui generis, uncooperative reality of Chinese and Indian history. "

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