Economic Prosperity: The Visible Hand
What really drives a country from poverty to prosperity?Economic theories often point to capital, technology, markets, institutions and sound policies. But Debashis Basu argues that there is a crucial missing ingredient: leadership.In this audio, we explore why good policies alone cannot create prosperity. Drawing on the experiences of Singapore, South Korea, Taiwan and China—and research on the economic impact of changes in national leadership—Basu examines how serious, visionary and accountable leaders can shape a country's economic trajectory.The key question is not simply whether a country has the right policies, resources or institutions, but whether its leadership has the ability and integrity to implement, learn, experiment and course-correct.The invisible hand of the market may be indispensable. But history suggests that successful economic transformation also requires another hand—visible, fallible and distinctly human. Hosted on Acast. See acast.com/privacy for more information.
