Watch Benjamin Powell, Alvaro Vargas Llosa and George Ayittey talk about their book, Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development, at the Independent Institute :

C-Span : Making Poor Nations Rich 

“Why do some nations become rich while others remain poor? Traditional mainstream economic growth theory has done little to answer this question—during most of the twentieth century the theory focused on models that assumed growth was a simple function of labor, capital, and technology. Through a collection of case studies from Asia and Africa to Latin America and Europe, Making Poor Nations Rich argues for examining the critical role entrepreneurs and the institutional environment of private property rights and economic freedom play in economic development.”