How elites create (and extract) value

Are the powerful few that shape a nation’s economic and political fortunes creating value for society or transferring it from stakeholders to themselves? Understanding the way that elites — coordinated groups with successful business models that accumulate wealth — influence our world is crucial in developing responsible approaches to policy, business, and leadership — and sustainable value creation. Ultimately, elites determine the fate of nations and their people. Tomas Casas i Klett, Guido Cozzi and their team — which produces the global Elite Quality Index (EQx) — argue that the more that elites create value and the less they “rent seek”, the higher the potential for inclusive economic and human development. The EQx focuses on four index areas to connect "power" and "value" across economic and political dimensions. Each of…

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I by IMD (Digital) - 1 Issue, 16. December 2024

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