About Quote by Angus Deaton
“There is much that remains mysterious about why some countries grow rapidly and some grow slowly.”
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.
Study and improve institutions that foster inclusive growth.
Themes
Mood
Type
When to use this quote
- policy reform
- foreign investment
- education expansion
- infrastructure projects
Key Concepts
Questions to Reflect On
- What institutional changes could accelerate growth?
- How do cultural factors interact with policy?
Growth can be hindered by political instability and corruption.