Why Nations Fail

Daron Acemoglu Coauthor, Why Nations Fail: The Origins of Power, Prosperity, and Poverty; Elizabeth and James Killian Professor of Economics, Massachusetts Institute of Technology
Isobel Coleman Senior Fellow and Director of the Civil Society, Markets, and Democracy Initiative; Director of the Women and Foreign Policy Program, Council on Foreign Relations

In his new book Why Nations Fail: The Origins of Power, Prosperity, and Poverty, Daron Acemoglu looks at why some nations prosper and why some fail. He concludes that it depends on whether institutions are pluralistic and inclusive or extractive and autocratic.

More on this topic

CEO Speaker Series: A Conversation with Ray Dalio

Ray Dalio explains the basic fundamental components and transactions of the global economic machine and shares his views on the current financial crisis. This session was part of the Corporate Program's CEO Speaker Series.

Paul Volcker on Greedy Bankers, the Ryan Plan, and the Fed

Watch out, Wall Street: former Fed chair Paul Volcker takes aim at greedy bankers, a weak financial system, and a flawed Ryan plan in an exclusive interview for Newsweek with Leslie H. Gelb.

What are the implications to the U.S. economy of major stock market sellouts?

A major stock market sell-off would have grave negative consequences for all parts of the U.S. economy, but specifically for the individual consumer, businesses, and the government.

Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, non commercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write publications@cfr.org.