ECONOMIC GANGSTERS: CORRUPTION, VIOLENCE, AND POVERTY OF NATIONS by Raymond Fisman and Edward Miguel, Princeton University Press, Princeton, 2008, 250 pages, ISBN 978-1-4008-2875-3.

The world of developmental economics is very much like trying to find your way through a maze in the dark. This maze however consists of dead ends, like: poverty, stagnant growth, war, violence and cultural diversity. When successfully navigated economists could discover why some nations stay poor and others become financial giants. Raymond Fisman and Edward Miguel’s new book “Economic Gangsters” explores some of the developing world’s most persistent problems. ...