Values At The Core: How Human Values Contribute To The Rise Of Nations - Softcover

Grandjean, Thomas; Tan, Chin Hwee

Softcover

ISBN 10: 9811230382 ISBN 13: 9789811230387

Verlag: WSPC, 2021

Inhaltsangabe

Throughout the history of mankind, the rise of societies, whether civilizations, nations, or communities, has been a story of human achievement. From the rise of the Akkadian empire in ancient Mesopotamia to the re-emergence of modern China, people constitute the basic denominator upon which societies build their success. The way people around the world think and behave is guided by a complex system of values. These values constitute key factors in the way economies are structured and their potential for further growth. To a large extent, they explain why Japan has gone through multiple lost decades; why Nordic countries accept the highest tax rates in the world, making their societies much more equal; why China has such a large trade surplus with the United States; or why some nations become stuck in a middle-income trap. It is these values, coupled with the right policies, that ultimately determine the destiny of nations. In this book, we explore how the combination of human values and policies affects national economic outcomes. We focus on certain key values conducive to growth: are people of a given nation, on average, hardworking, thrifty? Do they trust each other? Are they risk-takers? The harder people work, the higher the growth potential. Different savings patterns determine, to a large extent, whether a country will grow through investments and exports or consumption, and have generated large global imbalances over time. Trust goes a long way in explaining wealth and income inequalities and the role that governments can play in minimizing those inequalities. Economies with highly risk-averse citizens will stall. We also identify policies which have the greatest impact on economies. Political stability, much more so than any form of governance, is a precondition for growth. Free markets imply a process of creative destruction, free and fair competition, and a level playing field among companies. An educated workforce is a vital enabler of higher productivity and innovation. Corruption can seriously derail growth once it becomes endemic. Sound fiscal and monetary policies stabilize an economy as it goes through cycles and can greatly contribute to a more equal society and a more robust financial sector.

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Über die Autorin bzw. den Autor

Chin Hwee Tan is the Asia-Pacific CEO of a global Fortune 25 company and was previously the founding Asia partner of the top 3 largest alternative investors in the world. He is part of the special Taskforce appointed by the Prime Minister's Office to reconfigure Singapore's economy, and sits on various private and public boards and committees including the Monetary Authority of Singapore. Chin Hwee co-wrote best-selling Asian Financial Statement Analysis: Detecting Financial Irregularities, which was published in English and Chinese, and does pro bono cases for a dozen regulators globally. He is a chartered financial analyst and a chartered accountant, and, as president of CFA Singapore, fought the battle to have the words "for the benefit of society" included into the charter. Doing social work since his university days with his wife, he enjoys spending time with his three children.Thomas Grandjean has worked in the commodities sector for the past 15 years. He graduated with a Master of Science in Economics from the University of Lausanne in Switzerland and is a CFA charterholder. He has lived in the Middle East, the United Kingdom, and Switzerland, and currently resides in Singapore.

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Throughout the history of mankind, the rise of societies, whether civilizations, nations, or communities, has been a story of human achievement. From the rise of the Akkadian empire in ancient Mesopotamia to the re-emergence of modern China, people constitute the basic denominator upon which societies build their success. The way people around the world think and behave is guided by a complex system of values. These values constitute key factors in the way economies are structured and their potential for further growth. To a large extent, they explain why Japan has gone through multiple lost decades; why Nordic countries accept the highest tax rates in the world, making their societies much more equal; why China has such a large trade surplus with the United States; or why some nations become stuck in a middle-income trap. It is these values, coupled with the right policies, that ultimately determine the economic destiny of nations.

In this book, we explore how the combination of human values and policies affects national economic outcomes. We focus on certain key values conducive to growth: are people of a given nation, on average, hardworking, thrifty? Do they trust each other? Are they risk-takers? The harder people work, the higher the growth potential. Different savings patterns determine, to a large extent, whether a country will grow through investments and exports or consumption, and have generated large global imbalances over time. Trust goes a long way in explaining wealth and income inequalities and the role that governments can play in minimizing those inequalities. Economies with highly risk-averse citizens will stall. We also identify policies which have the greatest impact on economies. Political stability, much more so than any form of governance, is a precondition for growth. Free markets imply a process of creative destruction, free and fair competition, and a level playing field among companies.

Details zur Ausgabe

• Verlag: WSPC
• Erscheinungsdatum: 2021
• Sprache: Englisch
• ISBN 10: 9811230382
• ISBN 13: 9789811230387
• Einband: Taschenbuch
• Anzahl der Seiten: 222
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: gpsr@libri.de; gpsr@libri.de; ; Friedensallee 273; Hamburg; 22763; Deutschland