The central thesis of the book why nation fail is that

Question

Importance of Institutions-general concept:

1. The central thesis of the book WHY NATION FAIL is that inclusive political and economic institutions are necessary for sustained economic growth. PLEASE WRite an essay of 500-700 words explaining the difference between inclusive and exclusive institutions and why these are necessary for economic growth as explained by Acemoglu and Robinson

2. Acemoglu and Robinson's thesis on the divergence of economic outcomes between nations is that small institutional difference lead to much different outcomes in face of a critical juncture. please select a critical juncture in the book and write a 750 word essay summarizing how small institutional difference resulted in different resulted in different economic paths for different soceities.

Answer 1

As the explaining assignment that comprise to Importance of Institutions-general concept: 1. The central thesis of the book why nation fail is that inclusive political and economic institutions are essential for maintained economic growth. Please inscribe an essay of 500-700 words clarifying the difference between inclusive and exclusive institutions and why such are essential for economic growth as explicated via Acemoglu and Robinson 2. Acemoglu and Robinson's thesis on the divergence of economic outcomes between nations is that small institutional dissimilarity lead to much dissimilar outcomes in face of a critical juncture. Please choose a critical juncture in the book and mark a 750 word essay summarizing how small institutional variation effected in different resulted in dissimilar economic paths for different soceities.