In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: the Washington Consensus. Initially a reference to the policies adopted to tackle macroeconomic turmoil in Latin America, the term quickly morphed into a canonical
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The authors of Why Nations Fail, Daron Acemoglu and James A. Robinson, make clear that a nation s prosperity is not dependent on aid from abroad in their book. The authors contend that no amount of donations, aid or other financial support can maintain a nation, much less reform it. Of course, there