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

Analyze the concept of “inclusive institutions” in Why Nations Fail and discuss how these institutions contribute to the economic success of a nation. Provide examples from the book where inclusive institutions have led to prosperity.

Explore the role of historical events as “critical junctures” in shaping a nation’s economic and political trajectory. Discuss how these junctures can lead to the development of either extractive or inclusive institutions, using specific examples from the book.

Examine the relationship between political and economic institutions as presented in the book. How do the authors argue that these institutions interact to determine a nation’s fate? Illustrate your answer with examples from different countries.