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Old 03-18-2012   #21
VCheng
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Join Date: Feb 2012
Location: New York State
Posts: 33
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This paragraph caught my eye for its succinct depiction of what ails Pakistan:

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Some governments get it wrong on purpose. Amid weak and accommodating institutions, there is little to discourage a leader from looting. Such environments channel society’s output towards a parasitic elite, discouraging investment and innovation. Extractive institutions are the historical norm. Inclusive institutions protect individual rights and encourage investment and effort. Where inclusive governments emerge, great wealth follows.
Why Nations Fail: The Origins of Power, Prosperity and Poverty. By Daron Acemoglu and James Robinson. Crown Business Publishing, ISBN-13: 978-0307719218
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