Sentence examples for extractive institutions from inspiring English sources

Extractive institutions are the historical norm.

"Extractive institutions" sometimes develop as elites feel more secure and seek their own ends, they say.

"Because elites dominating extractive institutions fear creative destruction", the authors write, "they will resist it, and any growth that germinates under extractive institutions will be ultimately short-lived".There are two potential candidates for extractive elites in Western economies.

Britain's North American colonies, by contrast, made poor ground for extractive institutions; indigenous populations were too dispersed to enslave.

Economists in general and, I think it's safe to say, Mr Acemoglu and his co-author James Robinson, would characterise labour unions as extractive institutions.

In places where Europeans faced high mortality rates, they could not settle and they were more likely to set up worse (extractive) institutions.

Conversely, extractive political institutions that concentrate power in the hands of a few reinforce extractive economic institutions to hold power.

America eventually eradicated extractive southern institutions and placed the South on a path toward economic convergence.

Russia is run by what Daron Acemoglu and James Robinson would call "extractive political institutions," which grant political insiders monopoly benefits in exchange for propping up the regime.

Unions have been an instrument for extending the franchise, making political systems more pluralistic and thereby making it more difficult for a narrow group of elites to build extractive political institutions that cement their own authority.

In the worse case, an extractive state institution would likely undermine the innovators; in the better case, law and functional government institutions will protect and even promote the innovators.