Economia
Countries that stick with authoritarian forms of government invariably hit the wall. The Soviet Union, after a strong spurt of growth through the early 1970s, peaked at an output per person of about $12,500 in today’s dollars.
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Economia
Mau governança limite crescimento econômico
Hitting the Wall
Two economists at the INSEAD business school in Fontainebleau, France, have found that in states without political freedom, secure property rights, impartial courts and other elements of good governance, living standards run into a barrier. The “Great Wall” stands at an annual per capita output of $10,000 to $15,000, adjusted for the purchasing power of different currencies. That compares with roughly $47,000 in the U.S.Countries that stick with authoritarian forms of government invariably hit the wall. The Soviet Union, after a strong spurt of growth through the early 1970s, peaked at an output per person of about $12,500 in today’s dollars.
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"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone...
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- Tempo Perdido
Lost time Apr 17th 2012, 15:09 by The Economist online How many years of economic output has the rich world lost? SINCE the financial crisis struck in 2008, the economic output of most of the rich world has stalled. By the end of the last quarter...
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Política é o principal impedimento ao crescimento e desenvolvimento dos países, de acordo com o economista Daron Acemoglu e o cientista político Jim Robinson, em seu novo livro "Why Nations Fail": "From Adam Smith and Max Weber to the current day,...