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Economic Development

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rosstaylor posted on Sun, Mar 24 2013 11:39 PM

How can a nation become more successfully, economically? What are some of the necessary steps which they must take? Strong private property rights, transparency, introduction of a stock exchange, etc?

Let's take a look at Singapore, for example. Singapore was a country of turmoil 40 years ago, but because of Lee Kuan Yew, it has transformed into a first world nation. What were the steps taken? What about other countries, such as South Korea, or China? Are there different stages in which a nation must go through in order to achieve prosperity?

Recommended readings? Pioneers in this field? Please lend me your thoughts.

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Meistro replied on Mon, Mar 25 2013 12:58 AM

Hong Kong & Botswana are too important relatively recent examples as well.  Economic freedom, property rights, fiscal restraint on the part of their government.


... just as the State has no money of its own, so it has no power of its own - Albert Jay Nock

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There's a lot of stuff on this kind of thing in the video thread:


The John Stossels seem to touch on it.  "Is America #1" is good


And the Milton Friedman documentary is really good too..


Oh yeah the Free to Choose series too...


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