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“There is much that remains mysterious about why some countries grow rapidly and some grow slowly.” quote by Angus Deaton
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“There is much that remains mysterious about why some countries grow rapidly and some grow slowly.”

Angus Deaton

About This Quote

Source Book: The Great Escape: Health, Wealth, and the Origins of Inequality, Angus Deaton, 2013

Economic growth varies because of differing institutions, policies, and historical contexts that affect productivity and development.

In simple terms: Countries grow at different speeds due to varied institutions and history.

Key Takeaway

Study and improve institutions that foster inclusive growth.

Themes

economics development inequality policy

Mood

analytical concerned

Type

academic informative

When to use this quote

  • policy reform
  • foreign investment
  • education expansion
  • infrastructure projects

Key Concepts

institutional economics growth theory human capital

Questions to Reflect On

  • What institutional changes could accelerate growth?
  • How do cultural factors interact with policy?
A Different Perspective

Growth can be hindered by political instability and corruption.

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