Empires of The Future

2 Minutes Business Article

Title: Empires Of The Future

In 2012, Luxembourg(a small country)was among the highest in the world with a per capita GNP/GDP of $107,206. While the Democratic Republic of Congo had the lowest in the world with $237.

Per Capita GNP or GDP is the Gross National Product or Gross Domestic Product of a country divided by its total population.

Obviously, today, wealth of natural resources/capital is not the determining factor of a country's development - else, some African Countries should be amongst the richest in the globe.

Looking at countries like Japan and Korea whose high economic development allows them to use their limited natural resources more productively than would be possible in many third world or less developed countries - It is therefore true that the productivity(GNP/GDP) of every country is a function of how productively they put their natural, physical and Intellectual resources to use.

As at today, the Democratic Republic of Congo is still amongst the lowest with a GDP of $400.
A report says Nigeria becomes the 24th largest economy in the world taking over from South Africa. I wonder how true this is when South Africa's GDP is at $7000+, while that of Nigeria is at $3000 with all the resources.

"The empires of the future are the empires of the mind."
~Winston Churchill

My brief advice to business owners considering these data is to invest more in intellectual development using the development models of countries like China, Japan, Korea etc., Or don't you think a business can use a country's development model?

Intellectual investment is the greatest investment and the regulatory engine of the wealth of nations.


Action Step: Think for a moment; what will happen, if the government of your country is taken to govern over a high performing country like Japan, and the government of Japan is asked to govern over your country?


PLConsulting...

BB: 265A987A
@Paulvanplc
www.leadership-plc.blogspot.com