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Quotes from The State and Economic Stagnation in Tropical Africa — Richard Sandbrook

1946–2005 England

← All quotes by Richard Sandbrook

3 quotes

A legal code that protects the prerogatives of the owners and is officially respected (and hence calculable) is another element.

The State and Economic Stagnation in Tropical Africa (1986)

Also vital is the protection of the institution of private property through such steps as: limiting the claims and power of employees, abolishing traditional land tenure, safeguarding the sanctity of contracts, and guaranteeing full compensation in the event of nationalization.

The State and Economic Stagnation in Tropical Africa (1986)

Capitalist development requires, as a precondition, that the state foster a general sociopolitical and legal framework conducive to market relationships. An environment of security of property and predictability is basic to encourage investment; in turn, this requires political stability and a minimum degree of social harmony.

The State and Economic Stagnation in Tropical Africa (1986)

Attribution

Quotes and notes from Wikiquote: Richard Sandbrook (page history), available under CC BY-SA 4.0.