Management and the wealth of nations. How good management practices enshrined in a culture can be a major driver of wealth. https://buff.ly/2ED2fmK I find this very plausible, given personal observations of India. Relatedly:https://twitter.com/stucchio/status/960620799764942849 …
Replying to @stucchio
Ditto re: Japan, which has the nice benefit of smoothing differences in workforce, demographics, etc and leaving basically management and firm-specific technology as the main unexplained factors in TFP differentials.
10:33 AM - 12 Feb 2018
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