Tuesday, January 7, 2020

World prosperity 2

(cont'd from yesterday's post)

In the "age of globalization" mentioned yesterday (starting ~1980), more free & open  markets are available. People dream of starting their own business and making it a success, but they are held back if they live in a command-type society where no person-owned business is allowed by government. Freer economies provide many more opportunities.

When more people are free to dream about prospering, their society has more prosperity. 

Cambodia's story is a great example. Check out the series from last fall:

Cambodia 1
Cambodia 2
Cambodia 3
Cambodia 4

Mr. Lim (owner of a tourism business) says in "Cambodia 4" that his country prospered because of freedom, technology, and the "entrepreneurial spirit of the Cambodian people."


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