domingo, 28 de diciembre de 2014

My last reading: "Why nations fail: The origins of power, prosperity and poverty?"

Why Nations Fail: The Origins of Power, Prosperity, and PovertyWhy Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoğlu
My rating: 5 of 5 stars

People who travel try to look for explanations for the state of development and progress of the nations. We used to compare the countries we visited with our own countries in a short sighted mode, looking only for reasons in the short term and intrinsically linked to the countries. This book provide us a guide to appreciate the broad picture and look in the history of the country and its critical junctures as well as the influence of other countries. The consequence of this elements are a set of political and economic institutions that frame the nation.

However, the book is something more than a guide for the interpretation of the present. It could be used also as a map for glimpsing the paths to the future. The book help us to search behind the scenes of economic growth and wealth the signs for decay and crisis, give us a method to see the future success of a political movement beyond its momentary failure.

Nevertheless, the main lesson of the book is the value of solid and inclusive institutions for the welfare of a nation. The stronger the institutions, the easier avoiding its capture and warp by individuals or groups. So this lesson has a consequence the responsibility of the society for building and nurturing this kind of institutions and, therefore, it presents us with our responsibility towards our own future.

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