![]() Through this, three development topics covered in the two books are compared and contrasted. The books chosen are the Bottom Billion by Paul Collier and Why Nations Fail by Acemoglu and James. This article compares two macro-level development books. Several years after the launch of the Alliance for Progress, a number of Latin American countries have not shown signs of prosperity.Įconomists now suppose that the explanation that some countries fail to prosper is not because the developed countries exploit them, but because they are crippled by unsupportive cultures. ![]() Thus, once the Alliance for Progress was initiated the world thought that the Latin America was going to flourish. In the 1960s, it was believed that the Latin America was not prosperous because of the American disregard. Researchers have demystified these theories as more studies confirm that economic development is not thievery. Proponents of these theories asserted that the colonialists, who were the whites, took much of the resources from their colonies and as a result enhanced their economic growth. It was believed that the sub-Saharan Africa countries were poor because of colonial effects. Some few decades ago, it was widely held that the White countries prospered by exploiting the poor countries. ![]()
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