Broads Quote by Daron Acemoglu
“Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society.”
About This Quote
Source Book: Why Nations Fail by Daron Acemoglu and James A. Robinson, 2012
Inclusive institutions give many people secure rights and chances, fostering broad prosperity.
In simple terms: Broad rights and chances boost prosperity.
Promote fair policies for all.
Themes
Mood
Type
When to use this quote
- policy design
- urban planning
- community development
- business strategy
Key Concepts
Questions to Reflect On
- How can we protect reforms from elite capture?
- What incentives align elite and public interests?
Implementation can be hindered by entrenched elite interests.