I know that many of them are skeptical that anything can be wise to withdraw from the World Bank, but there have been some excellent research done some economists there. These people ... " presumably with green eyeshades pulled low & 39; & 39; done some thorough and innovative research that confirmed what many of us already intuitively think. They did report, entitled & quot; Where is the Wealth of Nations: The measurement of capital at the Century 21 ". " A dry title to be sure, but the full report of great ideas. Several key points from the report include:
1. An immigrant worker developed countries like the United States, with a weak, as in Mexico say actually five times more productive, as a Mexican worker who stays at home. 2. Why? This is not only because it has more cars, more tools or natural resources. This is a small part of the reasons. The main reason is that the Mexican who travels to work in the United States has access to $ 418000 in the intangible wealth compared with just $ 34000 if it is in Mexico. 3. What is intangible wealth, and how to measure it? The World Bank study defines it as intangible factors, such as: effective judicial system, good governance, clear property rights and trust between people in the society .. 4 No other forms of wealth, as natural capital (non-renewable resources like oil, natural gas, minerals, coal, etc.) and created or built capital (for example, buildings, infrastructure, equipment, machinery and urban land) Also expect? ... Of course, but they are not so much influence as intangible wealth of the nation. Quoting the World Bank: " HUMAN CAPITAL COSTS AND INSTITUTIONS (AS MEASURED BY THE RULE OF LAW) SLUZHAT big SHARE ALL OF WEALTH " This will be a long research, and summarized in Reason Magazine article written on October 5, 2007, entitled & quot; Secrets of intangible wealth ". More main points:
The two of the most important considerations that promote the success of the developed countries, are: 1. Law 2. This is a good educational system in a number of studies confirm the good development economists, who have stated in the past that if the other conditions for the development of (a good school system, honest government, the trust property rights, a sound legal system) is present, then " tangible & ; quot; capital will arrive, which is necessary for the development nation.
If instead of a corrupt legal system, poor schools, a corrupt political system ... No matter how much capital is directed to the country, it will not create the conditions for development.
For much of the underdeveloped world, corruption and theft by public officials remains the biggest obstacle to development.
If you are reading this message, most likely you live in one of prosperous countries with strong education system and institutions quite honest, I am sure you hope it will remain that way.
Thanks for listening
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