Why Nations Fail doc

Why Nations Fail

Based on

Why Nations Fail: The Origins of Power, Prosperity and Poverty

by Daron Acemoglu and James A. Robinson

Daron Acemoglu

MIT

November 21, 2011

1

Introduction

The Lay of the Land

GDP per capita, 2008, USD

No Data

< $2,000

$2,000 - $7,500

$7,500 - $20,000

$20,000 - $50,000

2

Introduction

The Lay of the Land (continued)

Western Offshoots

Western Europe

Africa

Latin America

Asia

6 7 8 9 1 0

log gdp per c apita 1000 1200 1400 1600 1800 2000 year

Figure: The evolution of average GDP per capita in Western O§shoots, Western

Europe, Latin America, Asia and Africa, 1000-2000.

2