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Most of the world operates under a free-market system at this point, so why are some countries wealthy and prosperous while others have their populace living in rampant poverty? Examining countries across the entire income spectrum, the author of this book identifies the practices that lead some parts of the world to be rich and those that keep other areas poor. Then, using indicators like the level of corruption in the government, ease of doing business in that country, or how democratic the society is, correlations are drawn that provide the best practices for creating a higher-income nation.
Taken both literally and in the sense of the seminal Adam Smith economic text, this book is designed to provide a roadmap for governments to follow in order to empower and enrich their citizenry. The author’s perspective in this book is informed by his academic and professional careers in economics, foreign policy, and global security. Taking a full worldview where no one government is without flaws, a neutral perspective is possible where the best practices from multiple countries are suggested to be combined into a formula that points to surefire success. Backed by graphs, charts, and data from sources like the World Bank and the CIA, the conclusions that are drawn should make sense to any and all readers. While few are in the position to enact such changes to their country, this knowledge could be world-changing should it fall into the right hands. Envisioning a system where all people contribute to their own economic surplus while reducing the behaviors that lead to corruption and human rights violations is something that all can agree would make for a better, more prosperous world.