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Virtuous Circle
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Virtuous Circle
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Why Nations Fail Symbols |
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Nogales
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The divided city of Nogales represents the profound economic inequality between nations and the institutional factors driving this inequality. In the first chapter of Why Nations Fail, Acemoglu and Robinson compare how people live…
read analysis of Nogales
The Sierra Leone railway represents how the leaders of extractive institutions prefer to harm their people rather than give up power, as well as how the iron law of oligarchy locks developing countries into poverty…
read analysis of The Sierra Leone Railway