Inclusive Political Institutions --> Inclusive Economic Institutions --> Growth
| Inclusive | Extractive |
| Democracy | Colonialism |
| Strong centralized state | Weak state |
| Innovation | |
| Technological change | |
| Incentives | Restrictions |
| Egalitarian | Privileged elites |
| Reform | |
| Openness | |
| Rule of law | |
| Level playing field | |
| Gradual change | |
| Participation, access | Discrimination |
| Competition | Monopoly |
| Market economy | Machine |
| Free, independent media | |
| Secure property rights |
