Economic Quote by George P. Shultz
“Open political and economic systems have been gaining ground and there's a good reason for it. They work better.”
About This Quote
Source Speech: Economic Forum, 1994
Open systems outperform closed ones by fostering competition and innovation.
In simple terms: Freedom drives better outcomes.
Key Takeaway
Support openness for improved performance.
Themes
economics
politics
innovation
Mood
analytical
optimistic
Type
philosophical
policy
When to use this quote
- business strategy
- public policy
- education reform
- technology development
Key Concepts
market liberalization
democratic governance
Questions to Reflect On
- How can openness be balanced with stability?
- What benefits have you seen from open systems?
A Different Perspective
Transition can be disruptive for entrenched interests.
![“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always…” quote by Lawrence Summers](https://sms4smile.com/quotes/img-quotes/ac4/lawrence-summers-16940_air_just-between-you-and-me-shouldn-t-the-wo_4703.jpg)
