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 video, 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. Watch the video and ask yourself: Are our leaders serious, visionary, incorruptible and committed to the national interest? Read the full article: https://www.moneylife.in/article/econ... #moneylife #debashisbasu For more information visit our website : http://www.moneylife.in/ Register : http://www.moneylife.in/register/ Follow us on Facebook :   / moneylifedailyclinics   Follow us on Twitter :   / moneylifef