Inclusive versus extractive institutions Paying attention to trust and the trustworthiness of institution shifts the discussion on the goodness of a society to the quality of its institutions. Daron Acemoglu and James Robinson make a distinction between inclusive and extractive institutions. Inclusive economic institutions enforce property rights, create a level playing field, and encourage investment in new skills and technologies.
The objective of these initiatives is to strengthen resiliency against any kind of risk, be it financial or non-financial, and contribute to the long-term well-being of the economy. 2/2  BIS central bankers' speeches