Sunday, March 11, 2012

The Economist | Creating economic wealth: The big why

The Economist
Creating economic wealth
Nations fail because their leaders are greedy, selfish and ignorant of history

THE rich world's troubles and inequalities have been making headlines for some time now. Yet a more important story for human welfare is the persistence of yawning gaps between the world's haves and have-nots. Adjusted for purchasing power, the average American income is 50 times that of a typical Afghan and 100 times that of a Zimbabwean. Despite two centuries of economic growth, over a billion people remain in dire poverty.


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