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📒Why Nations Fail ✍ Daron Acemoglu
✏Why Nations Fail Book Summary : Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
📒Why Latin American Nations Fail ✍ Matías Vernengo
✏Why Latin American Nations Fail Book Summary : The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new strategies that by and large have failed to explain or reduce income disparity and relieve poverty in the region. Why Latin American Nations Fail brings together leading Latin Americanists from several disciplines to address the topic of how and why contemporary development strategies have failed to curb rampant poverty and underdevelopment throughout the region. Given the dramatic political turns in contemporary Latin America, this book offers a much-needed explanation and analysis of the factors that are key to making sense of development today.
📒Carbon Politics And The Failure Of The Kyoto Protocol ✍ Gerald Kutney
✏Carbon Politics and the Failure of the Kyoto Protocol Book Summary : Carbon Politics and the Failure of Kyoto charts the framework and political evolution of the Kyoto Protocol negotiations and examines the ensuing failure of the international community to adequately address climate change. The focus is not on the science or consequences of climate change but on the political gamesmanship of the major players throughout the UNFCCC negotiation process. More than an updated history of the subject matter, this book provides a detailed study of the carbon targets which became the biggest influencing factor on the reaction of nations to Kyoto’s binding agreements. The book provides an in-depth analysis of the leading nations’ motives, including the US, China and Germany, in entering the negotiations, in particular, their economic interests. Despite the effort to combat climate change in politics that the negotiations represent, the book concludes that an agreement which requires almost 200 very different nations to agree on a single protocol is doomed to failure. The book offers a novel contribution to our understanding of this failure and suggests alternative frameworks and policies to tackle what is arguably the most complex political issue of our time.
📒The Narrow Corridor ✍ Daron Acemoglu
✏The Narrow Corridor Book Summary : 'A must-read. Acemoglu and Robinson are intellectual heavyweights of the first rank . . . erudite and fascinating' Paul Collier, Guardian, on Why Nations Fail By the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms- and explains how liberty can thrive despite new threats. Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect individuals or too strong for people to protect themselves from despotism. There is also a happy Western myth that where liberty exists, it's a steady state, arrived at by 'enlightenment'. But liberty emerges only when a delicate and incessant balance is struck between state and society - between elites and citizens. This struggle becomes self-reinforcing, inducing both state and society to develop a richer array of capacities, thus affecting the peacefulness of societies, the success of economies and how people experience their daily lives. Explaining this new framework through compelling stories from around the world, in history and from today - and through a single diagram on which the development of any state can be plotted - this masterpiece helps us understand the past and present, and analyse the future. 'An intellectually rich book that develops an important thesis with verve' Martin Wolf, Financial Times, on Why Nations Fail
📒Foreign Aid And Emerging Powers ✍ Iain Watson
✏Foreign Aid and Emerging Powers Book Summary : Current debates on emerging powers as foreign aid donors often fail to examine the myriad geopolitical, geoeconomic and geocultural tensions that influence policies of Official Development Assistance (ODA). This book advocates a regional geopolitical approach to explaining donor-donor relationships and provides a multidisciplinary critical assessment of the contemporary debates on emerging powers and foreign aid, bringing together economic and geopolitical approaches in the light of the 2015 completion of the Millennium Development Goals (MDGs). Moving away from established debates assessing the advantages and disadvantages of foreign aid, this book challenges the current geopolitical assumptions of the emerging powers concerning issues such as 'south-south' solidarity, shared development experience and 'multipolarity'. It analyses how donor governments 'sell' aid to recipients through enabling different cultural assumptions and soft power narratives of national identity and provides empirical evidence on agendas such as aid effectiveness, aid for trade, public-private partnerships, and green growth aid. The book examines the role of, and relationships between, the leading traditional and emerging power Asian donors specifically, and explores the different and contested perspectives and patterns of ODA policy through an alternative account of emerging power foreign aid to leading African and Asian recipients. This book provides a valuable resource for postgraduate students and practitioners across disciplines such as development economics and geopolitics of development, uniquely approaching the debate from the perspective of emerging powers and donors.
📒The Fix ✍ Jonathan Tepperman
✏The Fix Book Summary : Longlisted for the FT/McKinsey Business Book of the Year Award 2016 From immigration reform to energy resources, from political paralysis to inequality and extremism, we are beset by a raft of huge and seemingly insurmountable issues. The daily newspapers, the rolling 24-hour television news, portray a world in terminal decline: the rise of IS, the Syrian refugee crisis, Beijing's financial fallibility and Putin's brazen annexing of the Crimea. The ripples are felt by us all in our everyday lives – in unemployment figures or, if we're lucky, our stubbornly flat payslips, in the crumbling roads, Tube strikes and sky-rocketing tuition fees. What goes under-reported are the success stories. Here, taking ten of the most knotty issues we face today, Jonathan Tepperman examines unsung individuals' bold and innovative attempts against all odds and expectations to solve some of the important problems governments have struggled with for decades. Each chapter tells the story of one government that's found a way to avoid the snares that entangle most of the others. The solutions described in the book aren't speculative: they've all already been tried, and they work. Controversial, provocative but always stimulating, Tepperman here offers a powerful, data-driven case for optimism. Written with flair and an infectious exuberance, The Fix is a book to restore hope to the pessimistic, and offer both practical advice and inspiration in a time of relentless bad news.
📒Balance ✍ Glenn Hubbard
✏Balance Book Summary : In this groundbreaking book, two economists explain why economic imbalances cause civil collapse—and why America could be next. From the Ming Dynasty to Ottoman Turkey to Imperial Spain, the Great Powers of the world emerged as the greatest economic, political, and military forces of their time—only to collapse into rubble and memory. What is at the root of their demise—and how can America stop this pattern from happening again? A quarter century after Paul Kennedy's Rise and Fall of the Great Powers, Glenn Hubbard and Tim Kane present a bold, sweeping account of why powerful nations and civilizations break down under the heavy burden of economic imbalance. Introducing a profound new measure of economic power, Balance traces the triumphs and mistakes of imperial Britain, the paradox of superstate California, the long collapse of Rome, and the limits of the Japanese model of growth. Most importantly, Hubbard and Kane compare the twenty-first century United States to the empires of old and challenge Americans to address the real problems of our country’s dysfunctional fiscal imbalance. Without a new economics and politics of balance, they show the inevitable demise ahead.
📒Public Administration And The Modern State ✍ J. Lehrke
✏Public Administration and the Modern State Book Summary : The challenges faced by the public sector are many and varied. Civil services at the forefront of tackling pressing problems in a whole range of areas from climate change to income inequality are being allocated less money to do so. This collection explores how public sectors have adapted to address the demands placed on them in the 21st Century.
📒Hunting Down Social Darwinism ✍ Stuart K. Hayashi
✏Hunting Down Social Darwinism Book Summary : Hunting Down Social Darwinism is the third and final installment in the trilogy, The Nature of Liberty. The trilogy gives a secular, ethical defense of laissez-faire capitalism, inspired by Ayn Rand’s ideas. The trilogy’s first book, The Freedom of Peaceful Action, provided the philosophic theory behind the ethics of a free-enterprise system based on the individual rights to life, liberty, and private property which John Locke described. The second installment, Life in the Market Ecosystem, explained how free enterprise functions much as a natural ecosystem wherein behavioral norms develop, bottom-up, from repeat interactions among individual participants in the economy. As such defenses of free enterprise are frequently criticized as “social Darwinism,” however, this third and final installment of the trilogy asks the question, “What is social Darwinism?” The book embarks on a hunt for the term’s meaning, explores social Darwinism’s beginnings, and examines whether it is fair to describe such nineteenth-century free-market advocates as Herbert Spencer and William Graham Sumner as social Darwinists. It then addresses the accusation that the free-market Darwinism commonly ascribed to Spencer and Sumner rationalized bigotry and founded the pseudoscience of eugenics. In the process, the book refutes various myths about the topic popularized by such scholars as Richard Hofstadter and John Kenneth Galbraith. The extent to which the popular narratives about social Darwinism prove to be inaccurate holds enormous ramifications for current controversies. It has implications for debates over the ethical appropriateness of reducing taxpayer spending on social welfare programs, and also sheds new light on the pros and cons of attempts to apply biological evolutionary theory to the study of human social institutions. Additionally discussed is the manner in which various prominent figures in economics, evolutionary psychology, and Complexity Theory have grown famous for advancing ideas which Spencer and Sumner originated, even as such figures simultaneously downplay the importance of Spencer and Sumner to their field. Following the hunt for social Darwinism, this work sums up the trilogy with some final thoughts on the importance that liberty holds for every effort to live life to the fullest.
📒The Oxford Companion To The Economics Of South Africa ✍ Haroon Bhorat
✏The Oxford Companion to the Economics of South Africa Book Summary : In 1994 South Africa saw the end of apartheid. The new era of political freedom was seen as the foundation for economic prosperity and inclusion. The last two decades have seen mixed results. Economic growth has been volatile. While inequalities in public services have been reduced, income inequality has increased, and poverty has remained stagnant. As the twentieth anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. They combine a stocktake of the various programs of the last two decades with a forward looking discussion of strategy in the face of an ever open but volatile global economy. Underlying the discourse are basic and often unresolved differences on an appropriate strategy for an economy like South Africa, with a strong natural resource base but with deeply entrenched inherited inequalities, especially across race. This volume contributes to the policy and analytical debate by pulling together perspectives on a range of issues: micro, macro, sectoral, country wide and global, from leading economists working on South Africa. Other than the requirement that it be analytical and not polemical, the contributors were given freedom to put forward their particular perspective on their topic. The economists invited are from within South Africa and from outside; from academia and the policy world; from international and national level economic policy agencies. The contributors include recognized world leaders in South African economic analysis, as well as the very best of the younger crop of economists who are working on the study of South Africa, the next generation of leaders in thought and policy.