According to Jeffrey Sachs, an American economist, the major problem of Why Nations Fail is that it focuses too narrowly on domestic political institutions and ignores other factors, such as technological progress and geopolitics.

Why Do Nations Fail summary?

Why Nations Fail: The Origins of Power, Prosperity, and Poverty is an examination of the causes of economic inequality. Authors Daron Acemoglu and James A. Robinson conclude that underdevelopment is caused by political institutions and not by geography, climate, or other cultural factors.

Why Do Nations Fail examples?

Nations fail today because their extractive institutions do not create the incentives to save, invest and innovate. In many cases politicians stifle economic activity because this threatens their power base (the economic elite) – as in Argentina, Colombia and Egypt.