By Shaomin Li and Seung Ho Park of the Skolkovo Institute for Emerging Market Studies, Moscow
If you suggest that Egypt, Morocco, and Bangladesh could be the next bright spots for high economic growth, you might get some sceptical reactions.
But this is outcome of our recent study on productivity. We found that culture influences productivity – and that productivity flourishes among people that rate long-term financial planning, entrepreneurial risk-taking, and family values, and who, controversially, prefer political stability to political freedom. On this basis, Egypt, Morocco and Bangladesh will all do well. Continue reading »







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