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Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.
Luxembourg has the highest average wage in the European Union and eurozone as well as the highest monthly minimum wage in the entirety of Europe. Russia has the largest surplus of those European countries not a member of either (or both) the EU or eurozone. Ukraine has the smallest average wage in Europe, mostly as a result of the ongoing war.
The book has drawn widespread criticism from other academics. Critiques have included questioning of the methodology used, the incompleteness of the data, and the conclusions drawn from the analysis. [2] [3] The 2006 book IQ and Global Inequality is a follow-up to IQ and the Wealth of Nations by the same authors.
Diaz traces the growth of global poverty back to colonization in the 15th century, and features interviews with a number of economists, sociologists, and historians who explain how poverty is the clear consequence of free-market economic policies that allow powerful nations to exploit poorer countries for their assets and keep money in the ...
Historian Margaret MacMillan writing for The New York Times calls the book a "good wake up call", [4] while Tim Adams in a review for The Guardian describes the book as "persuasive", "chilling and unignorable" [3] and a review in Fair Observer calls it an "important addition to the literature explaining current events" and rising authoritarianism.
Of Paradise and Power: America and Europe in the New World Order is an essay by Robert Kagan which attempts to explicate the differing approaches that the United States and the nations of Europe take towards the conduct of foreign policy. Kagan argues that the two have different philosophical outlooks on the use of power, which are the natural ...
The US saw the UK as a bridge between the US and Europe, and the UK helped align the EU positions to the US and provide tougher policy towards Russia. [8] However, Brexit also produced new opportunities for the European defence cooperation, as the UK consistently vetoed moves in this direction, arguing it would undermine NATO.
Rod Liddle of The Sunday Times called the book "a brilliant, important and profoundly depressing book". [4] In The Daily Telegraph , Juliet Samuel summarised Murray's book by saying, "His overall thesis, that a guilt-driven and exhausted Europe is playing fast and loose with its precious modern values by embracing migration on such a scale, is ...