Top 10 Myths about the Global Economy

The 2000’s was a decade of rapid economic change. The Chinese economy grew enormously, and to a lesser extent so did the economies of Russia, Turkey, Saudi Arabia, Brazil, South Korea, India, and others. Mobile phones, smartphones, and the Internet changed the way billions of people live their lives and conduct business. Near the endContinue reading “Top 10 Myths about the Global Economy”

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You Didn’t Build That

There is a widely held belief in Western society that culture, institutions, and history determine which countries become wealthy and which do not. In a certain sense this belief is accurate: rule of law is clearly superior to anarchy, hard work and generosity are superior to laziness and selfishness, a peaceful history is superior toContinue reading “You Didn’t Build That”