This is a daunting question as well as a daunting task. Aside from the depression-era massive infrastructure projects, it seems to me that governmental intervention into the economy is gimmicky at best, especially if it is, as is always the case, intended to be a short-term shot in the arm.
Now that the entire planet is on the same wavelength, has instant access to the same information and that there are fewer places to “exploit,” or take advantage of, successful governments with regards to their economy and overall prosperity will be those who have the best educational system, the least corrupt political environment (for obvious monetary efficiencies and best long-term policies) the best regulations when it comes to financial, business and international trade as well as environmental.
They'll also be those that have vision, take leadership on new technologies, encourage R&D investment, scientific research, exclude religion from their sphere of influence and make a point of elevating their lowest economic strata, both systematically and intelligently. Now, take a look around you and let me know which nation, in your view, has policies that are the closest to this approach?
Thursday, February 4, 2010
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