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Reversals of Fortune: Why the Hierarchy Of Nations So Often Turns Topsy-Turvy
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Why has history so often turned the economic and political hierarchy of nations topsy-turvy? This book examines the evidence of the last 500 years to challenge the two dominant narratives on the answers to this question. It argues that the explanation lies neither in the quality of institutions that societies possess nor in their capacities for technological innovation. What matters for the economic and political success of a country, it claims, is the interaction between current technologi...