Entrepreneurship, Innovation and Prosperity

What is the common ground between the economic successes of the Netherlands in the XVII-XVIII centuries, nineteenth century England, twentieth century U.S. and, more recently, countries such as South Korea, Singapore and Israel? Although the question could be answered from different angles, fundamentally it can be inferred: in their own time, these countries promoted economic systems where resources were efficiently channeled to the most competent entrepreneurs and endeavors.
Canadian economist Reuven Brenner summed it up perfectly: “Prosperity is the result of matching talent with capital and holding both sides accountable”.

Read full article: O meio e o si, September 26, 2013