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Looking around the globe today, the limited extension of political rights in China makes Acemoglu cautious about the long-term prospects for Chinese growth "unless the country reforms itself" politically.
One of the novelties in his account is its emphasis on the power of ideas or, more precisely, the interaction of ideas and events.In country after country, reforms were undertaken first in response to some economic or fiscal emergency.
He is right that there can be no lasting recovery until the country reforms its health care system and tackles the clear and present danger of global climate change.
A recent story in the British newspaper the Independent, for example, had this headline: "Finland schools: Subjects scrapped and replaced with 'topics' as country reforms its education system". Alas, the stories are overblown, according to Finnish educator and scholar Pasi Sahlberg.
Money in politics may be out of control, but around the country reforms aimed at addressing the problem are beginning to take root.
Special and differential treatment for developing countries, developed country reforms, and World Trade in agriculture.
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For him, "happy" national French identity was clearly not a current reality but an ideal and "collective aim" that could become possible if the country reformed.
We will do so, country by country, reform by reform.
Changing our country, reforming our laws, bringing opportunity, power, and resources to those without: this is grueling work.
Tackling them needs better education systems and, in some countries, land reform.
In the developing countries, land reform periodically has spawned populist political uprisings.
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