Sunday, March 16, 2008

China as Political/Economic Anomaly

It's a bit of a related idea that good governance is good business - or at least wealthier citizens: countries that have rule of law have higher incomes as measured by GDP. Implications:;

  • Governments in poor countries should be held increasingly accountable
  • More care should be given as to the disbursement of investment dollars and charity (otherwise we create a perverse cycle - governments in bad countries are incentivized to abuse their people to get more money)
Events in the west show that while China has been exceedingly fortunate in their policies that have allowed for wealth creation for their people, they have a long ways to go.

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