Description

Book Synopsis
The purpose of this book is to demystify the causes of wealth and poverty like never before done. It is the seminal comprehensive presentation of the CDR index. The CDR index is a mathematical model that shows how capitalism (C), democracy (D) and rule of law (R) jointly with natural resources and geography explain almost all economic growth. As it turns out, capitalism, democracy, and rule of law are intangible policy variables that are at the disposal of all countries and explain almost all gross domestic production of tangible products and services. There is also a minor contribution from non-policy variables such as natural resources and geography. These are all that countries require at their disposal and choice in order to enjoy their desired standard of living. The CDR economic growth model is a new paradigm.

The Mystery of Wealth: Capitalism. Democracy.

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    A Hardback by Dennis Ridley

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      Publisher: De Gruyter
      Publication Date: 10/06/2020
      ISBN13: 9788395771354, 978-8395771354
      ISBN10: 8395771355
      Also in:
      Econometrics and economic statistics Entrepreneurship / Start-ups Macroeconomics

      Description

      Book Synopsis
      The purpose of this book is to demystify the causes of wealth and poverty like never before done. It is the seminal comprehensive presentation of the CDR index. The CDR index is a mathematical model that shows how capitalism (C), democracy (D) and rule of law (R) jointly with natural resources and geography explain almost all economic growth. As it turns out, capitalism, democracy, and rule of law are intangible policy variables that are at the disposal of all countries and explain almost all gross domestic production of tangible products and services. There is also a minor contribution from non-policy variables such as natural resources and geography. These are all that countries require at their disposal and choice in order to enjoy their desired standard of living. The CDR economic growth model is a new paradigm.

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