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.

— Richard Sandbrook The State and Economic Stagnation in Tropical Africa (1986)

More quotes by Richard Sandbrook

The State and Economic Stagnation in Tropical Africa (1986)

The State and Economic Stagnation in Tropical Africa (1986)

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