The growth rules by Piketty

Thomas Piketty is one of the most relevant current economists who has written a book to explain the dynamics driving the accumulation and distribution of capital and the historical evolution of global growth and inequality.

According Piketty the following are the reasons  behind the development of a country.

  • Development happens when the poorest recover the richest using the same technological knowledge, qualifications and culture.
  • The dissemination of knowledge is determined by the opening  international and trade.
  • The dissemination of knowledge is manifested through investments and institutions allowing significant investment in people training in a framework of legality.
  • A legitimate and efficient public power is  necessary.
Some years ago, Richard Florida showed that at the basis of the development there are talent, tolerance and technology. Same ideas of those written by Piketty.
Based on these arguments we can draw our own considerations thinking if the institutions of  our country act in this direction by promoting growth and well-being

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