--- title: "Meaning & Key Takeaway of: Money is not capital in most of the…" description: "\"Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn ..." image: "https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png" --- # Money is not capital in most of the developing countries… ![“Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn it into capital.” quote by Ashraf Ghani](https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png) [Download](https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png) [Open image](https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png) > “Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn it into capital.” [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. In many developing nations, money remains simple cash because lacking lack the structures needed to transform it into productive capital. **In simple terms:** Cash stays cash without institutions to convert it into capital. Key Takeaway Build institutions to turn cash into productive assets. Themes economics development finance institutional theory Mood pragmatic critical Type policy economic When to use this quote - policy making - investment - microfinance - economic planning Key Concepts capital formation financial infrastructure institutional development Questions to Reflect On - What institutions are needed to convert cash into capital? - How can existing structures be strengthened? A Different Perspective Without proper institutions, cash cannot generate growth. ★ ★ ★ ★ ★ No ratings yet [Developing countries](https://sms4smile.com/quotes/about/developing-countries/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [If all money capital invests in appropriation and none in actual production, then capitalism is not long for this world.](https://sms4smile.com/quotes/david-harvey/if-all-money-capital-invests-in-appropriation-and-none-in-actual/) [David Harvey](https://sms4smile.com/quotes/author/david-harvey/) > [Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It…](https://sms4smile.com/quotes/karl-marx/capital-is-money-capital-is-commodities-by-virtue-of-it-being-value/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [The massive corruption common in so many developing countries would be quite impossible if Western countries did not provide convenient opportunities to ship ill-gotten…](https://sms4smile.com/quotes/thomas-pogge/the-massive-corruption-common-in-so-many-developing-countries-would/) [Thomas Pogge](https://sms4smile.com/quotes/author/thomas-pogge/) > [You would think that the U.S. government would not think that American firms needed subsidizing to function in developing countries, provide advice, but they…](https://sms4smile.com/quotes/ashraf-ghani/you-would-think-that-the-u-s-government-would-not-think-that-american/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Teamwork is the ability to work together toward a common vision.](https://sms4smile.com/quotes/andrew-carnegie/teamwork-is-the-ability-to-work-together-toward-a-common-vision/) [Andrew Carnegie](https://sms4smile.com/quotes/author/andrew-carnegie/) > [The same organizational principles which called us forth into self-reflection have called forth self-reflection out of the planet itself. And the problem then is…](https://sms4smile.com/quotes/terence-mckenna/the-same-organizational-principles-which-called-us-forth-into-self/) [Terence McKenna](https://sms4smile.com/quotes/author/terence-mckenna/) > [Chakras are organizational centers for the reception, assimilation, and transmission of life-force energy. They are the stepping stones between heaven and earth.](https://sms4smile.com/quotes/anodea-judith/chakras-are-organizational-centers-for-the-reception-assimilation-and/) [Anodea Judith](https://sms4smile.com/quotes/author/anodea-judith/) > [Success, cannot be attained alone. Any person's time and power is limited. A wise leader enlists others in working toward organizational goals.](https://sms4smile.com/quotes/gichin-funakoshi/success-cannot-be-attained-alone-any-person-s-time-and-power-is/) [Gichin Funakoshi](https://sms4smile.com/quotes/author/gichin-funakoshi/) > [An empowered organization is one in which individuals have the knowledge, skill, desire, and opportunity to personally succeed in a way that leads to…](https://sms4smile.com/quotes/stephen-covey/an-empowered-organization-is-one-in-which-individuals-have-the/) [Stephen Covey](https://sms4smile.com/quotes/author/stephen-covey/) > [The most interesting aspect for me, composing exclusively with patterns, is that there is not one organizational procedure more advantageous than another, perhaps because…](https://sms4smile.com/quotes/morton-feldman/the-most-interesting-aspect-for-me-composing-exclusively-with/) [Morton Feldman](https://sms4smile.com/quotes/author/morton-feldman/) > [Personal and organizational effectiveness is proportionate to the strength of leadership.](https://sms4smile.com/quotes/john-c-maxwell/personal-and-organizational-effectiveness-is-proportionate-to-the/) [John C. Maxwell](https://sms4smile.com/quotes/author/john-c-maxwell/) > [Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel…](https://sms4smile.com/quotes/andrew-carnegie/teamwork-is-the-ability-to-work-together-toward-a-common-vision-the/) [Andrew Carnegie](https://sms4smile.com/quotes/author/andrew-carnegie/) > [Times of upheaval require not just more leadership but more leaders. People at all organizational levels, whether anointed or self-appointed, must be empowered to…](https://sms4smile.com/quotes/rosalynn-carter/times-of-upheaval-require-not-just-more-leadership-but-more-leaders/) [Rosalynn Carter](https://sms4smile.com/quotes/author/rosalynn-carter/) > [By far the most difficult skill I learned as a C.E.O. was the ability to manage my own psychology. Organizational design, process design, metrics,…](https://sms4smile.com/quotes/ben-horowitz/by-far-the-most-difficult-skill-i-learned-as-a-c-e-o-was-the-ability/) [Ben Horowitz](https://sms4smile.com/quotes/author/ben-horowitz/) > [The vast majority of organizations today have more than enough intelligence, experience and knowledge to be successful. What they lack is organizational health.](https://sms4smile.com/quotes/patrick-lencioni/the-vast-majority-of-organizations-today-have-more-than-enough/) [Patrick Lencioni](https://sms4smile.com/quotes/author/patrick-lencioni/) ## More by Ashraf Ghani > [We could form a government of national unity fighting corruption. The ordinary Afghan is sick and tired of it, because it's she or he…](https://sms4smile.com/quotes/ashraf-ghani/we-could-form-a-government-of-national-unity-fighting-corruption-the/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [People are easily shocked when their routine is disrupted and their ease of travel is restricted. We are dealing with a complete new face…](https://sms4smile.com/quotes/ashraf-ghani/people-are-easily-shocked-when-their-routine-is-disrupted-and-their/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [We are organized by territories, whereas terrorists are organized into networks. States are very slow and terrorists are extremely fast. Intelligence sharing needs to…](https://sms4smile.com/quotes/ashraf-ghani/we-are-organized-by-territories-whereas-terrorists-are-organized-into/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Self-reliance is not just words, but deeds.](https://sms4smile.com/quotes/ashraf-ghani/self-reliance-is-not-just-words-but-deeds/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [At the end of any peace deal, the decision-maker will be the government of Afghanistan.](https://sms4smile.com/quotes/ashraf-ghani/at-the-end-of-any-peace-deal-the-decision-maker-will-be-the/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Afghanistan cannot be a burden on the international community and it has to become an asset.](https://sms4smile.com/quotes/ashraf-ghani/afghanistan-cannot-be-a-burden-on-the-international-community-and-it/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Mecca and Medinah is a very special place in the hearts of every Muslim but particularly for every Afghan.](https://sms4smile.com/quotes/ashraf-ghani/mecca-and-medinah-is-a-very-special-place-in-the-hearts-of-every/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [By terrorising the people, the Taliban have sown deep doubts about the government.](https://sms4smile.com/quotes/ashraf-ghani/by-terrorising-the-people-the-taliban-have-sown-deep-doubts-about-the/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [President Trump is engaging and if you get your points across then he asks you questions.](https://sms4smile.com/quotes/ashraf-ghani/president-trump-is-engaging-and-if-you-get-your-points-across-then-he/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [You know, America has profoundly shaped me, and I have two American children and unbelievably rich friendships so it will always be a source…](https://sms4smile.com/quotes/ashraf-ghani/you-know-america-has-profoundly-shaped-me-and-i-have-two-american/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [ What is common among all of these groups \[Taliban, Islamic State etc.\] is the intent to destroy. The majority of terrorists who come to… ](https://sms4smile.com/quotes/ashraf-ghani/what-is-common-among-all-of-these-groups-taliban-islamic-state-etc-is/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Deadlines concentrate the mind. But deadlines should not be dogmas.](https://sms4smile.com/quotes/ashraf-ghani/deadlines-concentrate-the-mind-but-deadlines-should-not-be-dogmas/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [When I first raised the issue of the so-called Islamic State at the Munich Security Conference in February, speaking about its economy, its flexibility…](https://sms4smile.com/quotes/ashraf-ghani/when-i-first-raised-the-issue-of-the-so-called-islamic-state-at-the/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [No power in the country can dissolve the government.](https://sms4smile.com/quotes/ashraf-ghani/no-power-in-the-country-can-dissolve-the-government/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) > [Every global leader that I have seen has at least agreed on one point: I do have the world's most difficult job. But I…](https://sms4smile.com/quotes/ashraf-ghani/every-global-leader-that-i-have-seen-has-at-least-agreed-on-one-point/) [Ashraf Ghani](https://sms4smile.com/quotes/author/ashraf-ghani/) [Explore all 104 Ashraf Ghani quotes ](https://sms4smile.com/quotes/author/ashraf-ghani/) ## More Cash quotes > [“This one’s mental.’ ‘Eccentric.’ ‘What’s the difference?’ ‘A bag of cash.”](https://sms4smile.com/quotes/terry-pratchett/this-one-s-mental-eccentric-what-s-the-difference-a-bag-of-cash/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) > [A garden has a curious innocent way of consuming cash while all the time you are under the illusion that you are spending nothing.](https://sms4smile.com/quotes/esther-meynell/a-garden-has-a-curious-innocent-way-of-consuming-cash-while-all-the/) [Esther Meynell](https://sms4smile.com/quotes/author/esther-meynell/) > [Nothing knits man to man like the frequent passage from hand to hand of cash.](https://sms4smile.com/quotes/walter-sickert/nothing-knits-man-to-man-like-the-frequent-passage-from-hand-to-hand/) [Walter Sickert](https://sms4smile.com/quotes/author/walter-sickert/) > [“It’s me,” he says softly. “Stop listening to everything else. Remember the way you feel when I’m kissing you and touching you. Don’t think with your…](https://sms4smile.com/quotes/m-leighton/it-s-me-he-says-softly-stop-listening-to-everything-else-remember-the/) [M. Leighton](https://sms4smile.com/quotes/author/m-leighton/) > [After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted…](https://sms4smile.com/quotes/bettany-hughes/after-i-graduated-i-carried-on-with-my-academic-work-via-grants-but-i/) [Bettany Hughes](https://sms4smile.com/quotes/author/bettany-hughes/) > [You might be a redneck if you have a picture of Johnny Cash, Willie Nelson, or Elvis over your fireplace.](https://sms4smile.com/quotes/jeff-foxworthy/you-might-be-a-redneck-if-you-have-a-picture-of-johnny-cash-willie/) [Jeff Foxworthy](https://sms4smile.com/quotes/author/jeff-foxworthy/) > [American forces in Iraq found $650 million in American cash sealed in a hidden cottage. See, this is why President Bush wants to invade…](https://sms4smile.com/quotes/jay-leno/american-forces-in-iraq-found-650-million-in-american-cash-sealed-in/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [I feel a lot better when I've got a bit of cash on me.](https://sms4smile.com/quotes/pete-doherty/i-feel-a-lot-better-when-i-ve-got-a-bit-of-cash-on-me/) [Pete Doherty](https://sms4smile.com/quotes/author/pete-doherty/) > [If our financial industry regarded security the way the health-care sector does, I would stuff my cash in a mattress under my bed.](https://sms4smile.com/quotes/avi-rubin/if-our-financial-industry-regarded-security-the-way-the-health-care/) [Avi Rubin](https://sms4smile.com/quotes/author/avi-rubin/) > [Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that…](https://sms4smile.com/quotes/malcolm-forbes/why-just-a-couple-of-economic-seasons-ago-was-idle-cash-considered-an/) [Malcolm Forbes](https://sms4smile.com/quotes/author/malcolm-forbes/) > [The only issue cash presents you is the independence of not stressing about funds.](https://sms4smile.com/quotes/johnny-carson/the-only-issue-cash-presents-you-is-the-independence-of-not-stressing/) [Johnny Carson](https://sms4smile.com/quotes/author/johnny-carson/) > [It's funny about men and women. Men pay in cash to get them and pay in cash to get rid of them. Women pay…](https://sms4smile.com/quotes/hedy-lamarr/it-s-funny-about-men-and-women-men-pay-in-cash-to-get-them-and-pay-in/) [Hedy Lamarr](https://sms4smile.com/quotes/author/hedy-lamarr/) > [ I mean, you take a look at this, it's one way. \[Mexicans\] get the jobs, they get the factories, they get the cash, and… ](https://sms4smile.com/quotes/donald-trump/i-mean-you-take-a-look-at-this-it-s-one-way-mexicans-get-the-jobs/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [It was really starting to get pathetic, everyday they would come in looking for one thing or another. 'Zach, can you give me some…](https://sms4smile.com/quotes/zach-braff/it-was-really-starting-to-get-pathetic-everyday-they-would-come-in/) [Zach Braff](https://sms4smile.com/quotes/author/zach-braff/) > [One of my officers said to me that Trinidad and Tobago is seen like an ATM card... you come in with the card and…](https://sms4smile.com/quotes/kamla-persad-bissessar/one-of-my-officers-said-to-me-that-trinidad-and-tobago-is-seen-like/) [Kamla Persad-Bissessar](https://sms4smile.com/quotes/author/kamla-persad-bissessar/) Browse all 1,141 Cash quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Money is not capital in most of the developing countries. It's just cash. Because it lacks the institutional, organizational, managerial forms to turn it into capital.", "creator": { "@type": "Person", "name": "Ashraf Ghani" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ashraf-ghani/money-is-not-capital-in-most-of-the-developing-countries-it-s-just/", "about": { "@type": "Thing", "name": "Cash" }, "@id": "https://sms4smile.com/quotes/ashraf-ghani/money-is-not-capital-in-most-of-the-developing-countries-it-s-just/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png", "contentUrl": "https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png", "url": "https://sms4smile.com/quotes/i/8e4/ashraf-ghani-4964_cash_money-is-not-capital-in-most-of-the-deve_2830138.png", "width": 1080, "height": 1080, "caption": "“Money is not capital in most of the developing countries. It's just cash. Because it lacks the…” — Ashraf Ghani", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ashraf Ghani", "item": "https://sms4smile.com/quotes/author/ashraf-ghani/" }, { "@type": "ListItem", "position": 4, "name": "Money is not capital in most...", "item": "https://sms4smile.com/quotes/ashraf-ghani/money-is-not-capital-in-most-of-the-developing-countries-it-s-just/" } ], "@id": "https://sms4smile.com/quotes/ashraf-ghani/money-is-not-capital-in-most-of-the-developing-countries-it-s-just/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```