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Difference between revisions of "Embedded Growth Obligations"
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Embedded Growth Obligations (view source)
Revision as of 23:13, 11 March 2021
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'''Embedded growth obligations''' (EGOs) are structures built into institutions in times of growth that assume growth will continue. An institution must therefore grow to meet its EGOs, or its leaders must lie about the presence of growth. This compromising of incentives causes institutions to tend towards exploitative or sociopathic behaviors, as their leaders face [https://en.wikipedia.org/wiki/Evolutionary_pressure selective pressures] to maintain the status quo. | '''Embedded growth obligations''' (EGOs) are structures built into institutions in times of growth that assume growth will continue. An institution must therefore grow to meet its EGOs, or its leaders must lie about the presence of growth. This compromising of incentives causes institutions to tend towards exploitative or sociopathic behaviors, as their leaders face [https://en.wikipedia.org/wiki/Evolutionary_pressure selective pressures] to maintain the status quo. | ||
== History == | |||
Embedded growth obligations became prevalent during the broad, technology-led economic growth following World War II. | |||
== Examples == | == Examples == | ||