Why Nations Fail by Daron Acemoglu

"Why Nations Fail" by Daron Acemoglu and James A. Robinson presents a compelling argument that the key to understanding the divergent trajectories of nations lies in their institutions, which either promote or hinder inclusive economic and political growth [1]. By examining the historical experiences of countries from around the world, Acemoglu and Robinson demonstrate how extractive institutions can lead to poverty and stagnation, while inclusive institutions foster prosperity and progress [2].