the challenge to understand this: *** -- some ideas from a research sponsor on the challenge of...

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The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special interest in emerging economies, and in opportunities to alleviate mass poverty worldwide. ( *** = 3 graphs) Charles Harper Senior Executive Vice President, Chief Strategist, John Templeton Foundation

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Page 1: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

The challenge to understand this: ***  

-- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special interest in emerging economies, and in opportunities to alleviate mass poverty worldwide. ( *** = 3 graphs)

Charles Harper

Senior Executive Vice President, Chief Strategist, John Templeton Foundation

(www.templeton.org)

Page 2: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 3: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 4: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 5: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 6: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 7: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 8: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 9: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

J. Bradford DeLong, University California BerkeleyAngus Maddison, University of Gronigen

http://econ161.berkeley.edu http://en.wikipedia.org/wiki/J._Bradford_DeLonghttp://www.ggdc.net/Maddison/ http://en.wikipedia.org/wiki/Angus_Maddison

Page 10: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 11: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 12: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 13: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 14: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 15: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
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Page 17: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
Page 18: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Source: Angus Maddison (1995), Monitoring the World Economy (Paris: OECD), updated.

Page 19: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Xavier Sala-i-Martin, Columbia Univ.

Page 20: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Sala-i-Martin’s Data Set

incomeDistrAnimation_DRAFT_030924_.exe

Page 21: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

What creates mass wealth?• ? Democracy• ? Mass literacy and education• ? Mathematics and science• ? Technology / “industrial revolution”• ? Banking, accounting• ? Property laws & “rule-of-law”• ? Aspects of trade• ? “Economic Freedom”• ? Culture of trust & win-win mass cooperation• ? Corporations

Page 22: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Maybe the “bad thing” is the clue• It is empirically obvious that companies directly

create mass wealth now and are “institutions” that (in competition with one another) generate an increasing business productivity trend.

• The law of corporations is a very interesting legal-social-institutional-financial mega-innovation! In the sense of the institutional innovation, the “law of corporations” includes property rights and other aspects of modernity (literacy, math, technology, “trust”, banking, accounting, trade, culture of trust & win-win cooperation).

• For reference, see the book, “The Company” by John Micklelthwait, journalist of “The Economist.”

Page 23: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

“Ending Global Poverty Is Serious Business”

( www.sevenfund.org )

Page 24: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special
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Page 27: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Mo Ibrahim, founder of Celtel

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Page 29: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

LEGATUM 2007 “PIONEERS OF PROSPERITY” PRIZES (AFRICA)

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http://www.legatum.com/unlockingafrica/

Page 31: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

What are the dynamics of prosperity?

What can I do practically to promote growth of prosperity in my country most effectively ?

Page 32: The challenge to understand this: *** -- Some ideas from a research sponsor on the challenge of understanding the dynamics of wealth creation, with special

Source: Angus Maddison (1995), Monitoring the World Economy (Paris: OECD), as updated.

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You can transform the future!

Thank you for your

attention !

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