Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, Acemoglu and Robinson marshall historical evidence from the...

This book offers a view of the lives of the world's poorest people, helping to explain why the poor tend to borrow in order to save, why they miss out on free life-saving immunizations but pay for drugs that they do not need, and the cointerintuitive challenges faced by those living on less than 99 cents a day. Billions of government dollars, and thousands of charitable organizations and NGOs, are dedicated to helping the world's poor. But much of...

Global poverty, economist Collier points out, is actually falling quite rapidly for about 80% of the world. The real crisis lies in a group of about 50 failing states, the bottom billion, whose problems defy traditional approaches to alleviating poverty. Here, Collier contends that these fifty failed states pose the central challenge of the developing world in the twenty-first century. This group of small nations, largely unnoticed by the industrialized...

An attack on the tragic waste, futility, and hubris of the West's efforts to date to improve the lot of the so-called developing world, with constructive suggestions on how to move forward. Economist Easterly discusses the twin tragedies of global poverty: the first, that so many are seemingly fated to live miserable lives and die early deaths; the second, that after fifty years and more than $2.3 trillion in aid, we have shockingly little to show...