--- title: "Meaning & Key Takeaway of: And judging what is appropriate or not…" description: "\"And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic pol..." image: "https://sms4smile.com/quotes/i/904/lucas-papademos-20141_accounts_and-judging-what-is-appropriate-or-not-a_185247.jpg" --- # And judging what is appropriate or not appropriate for a… ![“And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.” quote by Lucas Papademos](https://sms4smile.com/quotes/i/904/lucas-papademos-20141_accounts_and-judging-what-is-appropriate-or-not-a_185247.jpg) [Download](https://sms4smile.com/quotes/i/904/lucas-papademos-20141_accounts_and-judging-what-is-appropriate-or-not-a_185247.jpg) [Open image](https://sms4smile.com/quotes/i/904/lucas-papademos-20141_accounts_and-judging-what-is-appropriate-or-not-a_185247.jpg) > “And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.” [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic policies must align with a nation's political climate and institutional strengths to be effective. **In simple terms:** Policies should fit a country's politics and institutions. Key Takeaway Match policy to political and institutional context. Themes economics politics policy design Mood analytical pragmatic Type advisory strategic When to use this quote - government planning - international aid - reform programs - legislative drafting Key Concepts institutional analysis political economy Questions to Reflect On - How do political institutions shape economic choices? - What indicators reveal policy suitability? A Different Perspective Ignoring political realities can cause policy failure. ★ ★ ★ ★ ★ No ratings yet [Country](https://sms4smile.com/quotes/about/country/) [Economic policy](https://sms4smile.com/quotes/about/economic-policy/) [Economics](https://sms4smile.com/quotes/about/economics/) [Environment](https://sms4smile.com/quotes/about/environment/) [Political](https://sms4smile.com/quotes/about/political/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Governments must take on the central role of creating an investment climate across Africa that supports enterprise and the role of the private sector…](https://sms4smile.com/quotes/jeroen-van-der-veer/governments-must-take-on-the-central-role-of-creating-an-investment/) Jeroen van der Veer > [We would like a stable policy framework, and whatever incentives and tax structures are there should be made known to investors upfront. 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It is a state created tool…](https://sms4smile.com/quotes/joel-bakan/the-corporation-is-not-an-independent-person-with-its-own-rights/) [Joel Bakan](https://sms4smile.com/quotes/author/joel-bakan/) ## More by Lucas Papademos > [Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors.](https://sms4smile.com/quotes/lucas-papademos/delays-in-granting-of-justice-very-often-reduce-the-speed-with-which/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.](https://sms4smile.com/quotes/lucas-papademos/the-ecb-s-interventions-in-sovereign-bond-markets-should-not-be/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary…](https://sms4smile.com/quotes/lucas-papademos/in-the-20-years-before-greece-end-up-with-the-euro-efforts-to-improve/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [So it won't be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively…](https://sms4smile.com/quotes/lucas-papademos/so-it-won-t-be-a-surprise-when-the-greek-default-actually-happens-and/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. 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