September 25, 2011

Niall Ferguson: Why is a country rich or poor?

Niall Ferguson gave a great talk over at with the title "The 6 killer apps of prosperity." These 6 apps explains why a country is poor or rich. Why North Korea is poor and South Korea is rich even though both countries used to be one country with the same background. The 6 apps are:
  1. Competition
  2. The scientific revolution
  3. Property rights
  4. Modern medicine
  5. The consumer society
  6. The work ethic