Why do nations rise - and why do they fail? In this special edition of The Morning Brief, ET’s Executive Editor Sruthijith KK speaks to James A. Robinson, co-author of the seminal Why Nations Fail and co-winner of the 2024 Nobel Prize for Economics, on the shifting architecture of power, prosperity and politics. Robinson unpacks why economists no longer lean on the term “capitalism,” the perils of simplistic theories like “geography is destiny,” and how inclusive institutions - not authoritarian efficiency - determine a nation’s fate. From India’s deep democratic roots and Africa’s untapped potential to the United States’ “mad rush for productivity” that he calls “a train wreck waiting to happen,” Robinson offers a profound reflection on the forces remaking our world.
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