Francis Fukuyama on Development
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  • Neville

    Thirty years ago Africans in senior political and administrative positions were laughing at Europeans and Americans for failing to understand this. You can imagine how much fun they have had since.

  • Anthony

    Fukuyama contends “Why Nations Fail” has policy importance (just for him some signal inconsistencies); yet, insight “bad institutions exist because it is in the interest of powerful political forces within the poor country itself to keep things that way” ought to be part of NGO and development specialist handbook.

  • Corlyss

    I first heard the term “rent seeking” a couple of years ago in an article in Policy Review. It’s such a wonderfully descriptive term, and once I understood how it works, I’ve seen it in many places, including the small town where I live.

  • Duane

    Acemoglu and Robinson are dancing around Bruce Bueno de Mesquita’s Selectorate Theory. Coalition size determines the nature of a regime, and both foreign aid and natural resources are functionally identical – “free” boodle the leader can use to pay off his cronies with. Large coalitions need to be paid off in policies, but small coalitions can be paid off in specie. And the leader always prefers the small coalition – the fewer the people the leader absolutely has to rely on, the better for the would-be autocrat.

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