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1. How robust is the 'extractive versus inclusive institutions' theory at explaining why certain nations succeed and why others fail?Or do you find the distinction

1. How robust is the 'extractive versus inclusive institutions' theory at explaining why certain nations succeed and why others fail?Or do you find the distinction simplistic?

[Skim through "Why Nations Fail" by Daron Acemolu, James A. Robinson Chs. 3, 8, and 13 of the links provided below.]

Chapter 3 link: http://ihlassovbetov.blogspot.com/2015/01/about-chapter-3-of-why-nations-fail.html

Chapter 8 link: https://publicism.info/economics/fail/9.html

Chapter 13 link: https://publicism.info/economics/fail/14.html

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