Finding the Keys to National Prosperity

Most successful economic reforms emulate policies that worked elsewhere and were reconfigured for local conditions. Wherever we live, by opening our eyes to policy successes abroad, we would surely speed the path to national improvement at home.

NEW YORK – In many of history’s most successful economic reforms, clever countries have learned from the policy successes of others, adapting them to local conditions. In the long history of economic development, eighteenth-century Britain learned from Holland; early nineteenth-century Prussia learned from Britain and France; mid-nineteenth-century Meiji Japan learned from Germany; post-World War II Europe learned from the United States; and Deng Xiaoping’s China learned from Japan.

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