Why Nations Fail The Origins of Power, Prosperity, and Poverty Daron Acemoglu and James A. Robinson

In our guide, we’ll fully define what it means for a nation to be "open" or "exclusive" and how these qualities determine a nation’s success or failure. We’ll also examine how nations might change over time to become open or exclusive—or how they might resist such change. Through our commentary, we’ll provide alternative perspectives on what causes a nation to fail or succeed. We’ll also explore different interpretations of the historical examples that Acemoglu and Robinson discuss.