Why Nations Fail

The authors offer a comprehensive institutional theory for the wealth and poverty of nations, extolling Òinclusive institutionsÓ as the sources of prosperity and stability and Òextractive institutionsÓ as the sources of poverty and nation failure. England's ÒGlorious RevolutionÓ of 1688 becomes the yardstick with which to measure the development of inclusive institutions around the world. Dan Woren's deep, resonant voice effectively presents the authors' sometimes complex political observations. His narration is measured and clear. As will happen when a book draws examples from around the world, Woren's pronunciation sometimes leaves something to be desired. For example, the phrase Òancien régimeÓ and the names of Communist Chinese officials create problems. F.C. © AudioFile 2012, Portland, Maine