Watch the TedTalks video above. The expert said that there are six ideas and institutions that make a nation wealthy; that make the American 20 times richer than the Chinese in 1970; that make the British 6 times richer than the Indians. Those “ingredients” cause the greatest wealth divergence in history among countries.
1. Competition
2. The Scientific revolution
3. Property Rights
4. Modern Medicine
5. The consumer society
6. The work ethic
Are we fellow Malaysians leading in any of these areas? Tell us what you think in the comment section below.
