Long-term pros­per­ity

Bulletin - - Contents -

The skills of a pop­u­la­tion play a crit­i­cal role in the long-term pros­per­ity of an econ­omy. As demon­strated by Ger­man economist Ludger Wöss­mann, THE BET­TER THE ED­U­CA­TIONAL SYS­TEM PER­FORMS, THE STRONGER THE GROWTH OF THE PER CAPITA GROSS DO­MES­TIC The dif­fer­ences in knowl­edge cap­i­tal could ex­plain PROD­UCT ( GDP). both the eco­nomic mir­a­cle of East Asia and the Latin Amer­i­can slow­down as well as the growth dis­par­i­ties be­tween de­vel­oped coun­tries.

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