August 13, 2016

The Rise and Fall of Nations: Book Review

For me the most valuable insights came from the chapter titled People Matter. The trigger for economic growth lies in a 2% increase in working population. In the next decade from 2020-2030 only one will grow at that rate - Nigeria.The political leaders have to create the economic conditions necessary to attract investment and generate jobs. The recent influx of refugees may actually be an answer to Germany’s depleting working-age population. But is it enough to have people without their having the necessary skills? A dropping population does not bode well for the world says Ruchir.