check info about Seminar 1 in the fil I upload Seminar 1 25/11 10-12, 13-15: Seminar on Why Nations Fail? Each group choose one of the themes below and write a 1200-words mini-paper to the seminar, which will be uploaded on MyMoodle. At the seminar, you will be divided into other groups and discuss your findings with students from other groups. Do extractive institutions such as colonialism and slave trade still have much credibility today on why many African countries are still relatively poor and underdeveloped? The central thesis of Why nations fail is that growth is more likely under inclusive institutions than extractive institutions. Is this thesis still relevant? And if yes, pick two cases of your choice: one failing and prosperous nation and demonstrate the relevance of this thesis. Is it correct to attribute the underachievement and high poverty rates among black South Africans to the extractive institutions during the apartheid regime? Most western democracies (western Europe & the US) have experienced economic growth amidst rising and troubling income inequality. Using the US as an example, how relevant can you say inclusive economic institutions are the roots of this modern world inequality. it’s mandatory to use the course book I think this one: make sure! : Acemoglu, Daron & Robinson, James (2012). Why nations fail. The origins of power, prosperity and poverty . New York: Chrowne Publishers, (545 p.).
