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729065001. 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 for their contribution in comparative studies of prosperity between nations. [1] The book applies insights from institutional ...
Economic power. Economic power refers to the ability of countries, businesses or individuals to improve living standards. It increases their ability to make decisions on their own that benefit them. Scholars of international relations also refer to the economic power of a country as a factor influencing its power in international relations. [1]
Superpower. Superpower describes a sovereign state or supranational union that holds a dominant position characterized by the ability to exert influence and project power on a global scale. [1][2][3] This is done through the combined means of economic, military, technological, political, and cultural strength as well as diplomatic and soft ...
Biobased economy, bioeconomy or biotechonomy is economic activity involving the use of biotechnology and biomass in the production of goods, services, or energy. The terms are widely used by regional development agencies, national and international organizations, and biotechnology companies. They are closely linked to the evolution of the ...
India’s economy was worth $3.7 trillion in 2023, making it the world’s fifth largest, having jumped four spots in the rankings during Modi’s decade in office. The South Asian giant’s ...
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
A potential superpower is a sovereign state or other polity that is speculated to be or have the potential to become a superpower; a sovereign state or supranational union that holds a dominant position characterized by the ability to exert influence and project power on a global scale through economic, military, technological, political, and/or cultural means.
The shift, whenever it came, would signal that a new economic superpower was ready to challenge US influence everywhere in the world. ... Japan, at least, had become a rich country by then. China ...