I’ve just read a great book – “Why Nations Fail…….the Origins of Power, Prosperity and Poverty”. Based on 15 years’ research, it’s no light read but it has much to say that is relevant to New Zealand. I hesitate to condense it, but feel some key messages are important.
The book dispels the arguments that wealth and prosperity can be due to climate, geography or culture. Rather it’s the openness and accessibility of institutions a country operates under (both economic and political). These determine whether people feel they have a chance of being heard and, most importantly, whether it’s worth investing their time, effort and resources in trying to achieve anything. Fundamental human psychology, really!
The book dispels the arguments that wealth and prosperity can be due to climate, geography or culture. Rather it’s the openness and accessibility of institutions a country operates under (both economic and political). These determine whether people feel they have a chance of being heard and, most importantly, whether it’s worth investing their time, effort and resources in trying to achieve anything. Fundamental human psychology, really!