Change Quote by Daron Acemoğlu
““Inclusive economic institutions also pave the way for two other engines of prosperity: technology and education. Sustained economic growth is almost always accompanied by technological improvements that enable people (labor), land, and existing capital (buildings, existing machines, and so on) to become more productive.””
About This Quote
Source Book: Economic Origins of Institutions, Daron Acemoğlu, 2005
Strong institutions foster technology and education, driving sustained economic growth.
In simple terms: Good institutions boost tech and learning.
Support inclusive institutions.
Themes
Mood
Type
When to use this quote
- policy making
- economic planning
- education reform
- technology investment
Key Concepts
Questions to Reflect On
- What policies strengthen institutions?
- How do tech and education interact?
Institutions alone may not guarantee growth without cultural factors.