What explains such stupefying disparities? Robinson, two energetic, widely respected development scholars, start with a bit of perspective: Even in today’s glum economic climate, the average American is seven times as prosperous as the average Mexican, 10 times as prosperous as the average Peruvian, about 20 times as prosperous as the average inhabitant of sub-Saharan Africa and about 40 times as prosperous as the average citizen of such particularly desperate African countries as Mali, Ethiopia and Sierra Leone.
It may, in fact, be a bit of a masterpiece.ĭaron Acemoglu and James A. It’s bracing, garrulous, wildly ambitious and ultimately hopeful. You might expect it to be a bleak, numbing read. “Why Nations Fail” is a sweeping attempt to explain the gut-wrenching poverty that leaves 1.29 billion people in the developing world struggling to live on less than $1.25 a day.
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