The document discusses the book 'Why Nations Fail,' authored by Daron Acemoglu and James Alan Robinson, which analyzes the influence of political and economic institutions on national prosperity. It outlines key lessons on how inclusive institutions foster growth while extractive ones lead to failure, with historical examples from successful nations like the USA and failed states like Somalia. It also emphasizes the importance of personal development and advocacy for progressive policies in daily life.

1. PPE Day 5 18-May-2024
WHY NATIONS FAIL:
The Origins of Power, Prosperity and Poverty

2. Authors
Introduction
Main Actors
and events
03
Lessons
04
Table of contents
05
01
02
Application in daily life

3. Authors
Daron
Acemoglu
James Alan
Robinson
Economist and Professor at
Massachusetts Institute of
Technology (MIT)
Political Scientist and
Professor at
Harvard University

4. Introduction
• Why do some nations prosper while others struggle?
• What drives growth, innovation and prosperity?
• This book explores the critical role of political and economic institutions in
shaping a nation’s fate.
• We examine:
• How our journey challenges conventional wisdom and offers a new
perspective on building a more prosperous and equitable world?
 The Rise and fall of civilizations
 Success stories of prosperous nations
 Failed states and their struggles

5. Main Actors and Events
Characters
• Political Leaders
• Economic Elites
• Civil Society
1. Good leaders can create inclusive institutions,
while bad leaders can create extractive ones.
2. Wealthy individuals and groups can influence
institutions for their own benefit or for
greater good.
3. Citizens and organizations can advocate for
change and shape institutions.
Events
• Rise and fall of civilizations:
Understanding how societies have
succeeded or failed in the past can
inform our decisions (E.g.. Roman
Empire)
• Success Stories: Countries like United
States and South Korea have achieved
prosperity through inclusive
institutions.
• Failed States: Countries like Somalia and
Venezuela have struggled due to
extractive institutions.

6. Lesson
Progressive Institutions
• Encourage participation
and investment from all
citizens
• Protect individual rights
and property
• Foster innovation and
entrepreneurship
• Promote economic growth
and prosperity
Restrictive Institutions
• Limit access and
opportunities for the
majority
• Benefit only a small elite or
ruling groups
• Stifle innovation and
entrepreneurship

7. Application in daily life
Institutional Framework
• Recognize and overcome limiting beliefs and biases
• Advocate for policies and initiatives that drive progress
• Invest in personal growth and development
• Embrace creativity and innovation in your pursuits
• Empower other to reach their full potential

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