Assignment:
During the last part of the course, you have read two chapters from the book titled: Why nations fail , Theories that don’t work— the authors present three theories of development that have been traditionally used to explain the gap between developed and developing countries in terms of Income and wealth inequality.
The authors explain that these three theories are useless to explain this gap.
Please explain what is the ONE theory or explanation that can explain this difference and make sure you explain it from the point of view of the four capitalist systems of Good and Bad Capitalism, and how it can be explained about Good and Bad capitalism when it comes to helping developing countries to break from the vicious cycle of poverty and dependency.
All the chapters are attached in attachment.
Attachment:- chapter_6.zip