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Inclusive institutions uphold property rights and the rule of law from "summary" of Why Nations Fail by Daron Acemoglu,James A. Robinson
Inclusive institutions are essential for fostering economic prosperity and development within a society. One key aspect of inclusive institutions is their commitment to upholding property rights. Property rights provide individuals with the security and protection necessary to invest in their future. When people know that their property is secure and cannot be arbitrarily taken away from them, they are more likely to invest in improving and developing their assets. This leads to economic growth and innovation, benefiting the overall society. ...
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