Daron Acemoglu on Why Nations Fail
EconTalk
00:00
Why China Isn't Doing So Well?
There are as many theories on this as the number of authors who wrote on it. The geography hypothesis that some places are rich because they have a favorable climate, or natural resourceare good natural resources, and so on and i think just the evidence doesn't support that. But if you sor of ask people why china is doing so well, its about chinese culture. Why he mexicans aren't doing so well? Or why the sapsar in africa as poor as all about national cultures. And we try to explain why such explanations are very limited. We're sorof naturally drawn to that as academics, because our business is to think of good policiesand and judge which
Play episode from 01:52
Transcript
