It probably shouldn't be a surprise to me, but funny enough it is; that government is so involved in the economy of a country. I guess it just never occurred to me. Maybe it's because when I used to think economy, all I thought of was Wall Street and the stocks in specific companies. However this chapter, along with the whole of this semester, has proved me to be extremely wrong.
Economists Daron Acemoglu, Simon Johnson, and James Robinson had a theory about what would determine the economic success of a developing country. They believed that the success would directly correlate to the success of the countries that had formerly colonized them. They found that countries that had been colonized successfully by European countries had flourished while those that were difficult to colonize were much worse off. The impact of this was to highlight the importance of a stable, non-corrupt governing body in establishing the steadiness of a country and its economy.
Of course, I cannot hope to live in a country whose government is perfect, but since I reside in a democratic now, I at least have a say in who will end up in charge. This bit of this chapter made me think long and hard about how I will choose to stay informed and vote when the next election rolls around. I will look for someone who will establish as stable of a foundation for the country as he or she can and I will look for someone with good economic and social sense. I will not be mindless in deciding who runs the country I'm living in for as Acemoglu, Johnson, and Robinson found, whatever kind of government runs the country, makes the country what it is.
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