This April we are reading Why Nations Fail, a well known book by Daron Acemoglu and James Robinson. The authors incorporate more history than any global development book so far. In just the first few chapters they use history to explain how different colonization tactics informed the current political systems in the USA and Mexico. They also explain the shortcomings of economics and the need to study political institutions.
The book dispels different myths surrounding why nations fail. For example, popular reasoning argues that geography and culture are some of the reasons for wealth disparities between states but Acemoglu and Robinson combat these misconceptions right away.
I sat down to read the preface and was still reading 2 hours later. This is a captivating book with a lot of information.
We will argue that to understand world inequity we have to understand why some societies are organized in very inefficient and socially undesirable ways. -Why Nations Fail