Strategy Markup Language Documents
XML vocabulary and schema for strategic plans
Critical Success Factors for Economic Growth
Editor's Note: The factors documented as goals in this StratML rendition are taken from "Why Nations Fail: The Origins of Power, Prosperity, and Poverty," by Daron Acemoglu and James A. Robinson.
"Explaining why so many economic institutions fail to meet these simple objectives is the central theme" of their book. (p. 79)
To enable economic growth
Harness the potential of inclusive markets
"To be inclusive, economic institutions must feature secure private property, and unbiased system of law, and provision of public services that provide a level playing field in which people can exchange and contract; it must also permit the entry of new businesses and allow people to choose their careers." (pp. 74 & 75)
Secure private property rights.
Ensure an unbiased system of law.
Support public services that provide a level playing field in which people can exchange and contract.
Facilitate the entry of new businesses.
Allow people to choose their careers.
Encourage technological innovation.
Invest in people.
Mobilize the talents and skills of a large number of individuals.