" This book uses identical geographical features and residents of similar ethnicities inhabiting both sides of the border in Nogales, Arizona to demonstrate that life is very different on each side due to the structure of their respective institutions.
This book uses the example of a Chinese college dropout whose start-up company competes with government-monopolies as an example of how the lack of creative destruction will lead to diminishing economic growth. This book deems the Geography Hypothesis, the Culture Hypothesis, and the Ignorance Hypothesis as flawed and explains that one must focus on why certain entities "get it wrong" in its chapter "Theories that don't work." This book uses identical geographical features and residents of similar ethnicities inhabiting both sides of the border in Nogales, Arizona to demonstrate that life is very different on each side due to the structure of their respective institutions. This book argues that "inclusive" and pluralistic economic institutions favor future investment over the "extractive" institutions in which elites collect money from everyone else. For 20 points, name this 2012 work by Daron Acemoglu and James Robinson.
This book uses the example of a Chinese college dropout whose start-up company competes with government-monopolies as an example of how the lack of creative destruction will lead to diminishing economic growth.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty