Tuesday, October 2, 2007
THE REAL ISSUES 2: REAL WEALTH
A really interesting article explaining why no matter how much money you take out of America it will not be poor, and why, no matter how much money you give to Nigeria, it will not be rich. It's based on a study by the World Bank's Environmental Economics Department that was started about two years ago. The argument of the article is that it is intangible assets, or intangible capital that really determines a country's wealth.
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