The Legatum Institute, an Atlas Network partner, published a new report, “How Nations Succeed,” offering a roadmap for achieving national prosperity in developing countries. The report highlights the necessity of strong institutions, an open economy, and investment in human capital in order to achieve long-term development.
The Institute studied 10 nations, all of which were significantly underdeveloped in terms of both economic and social wellbeing in 1960, and analyzed the patterns behind their contrasting development trajectories over six decades. “By focusing on what has worked, as well as what has not, this report highlights the pathways countries took and the choices they made to deliver prosperity for their citizens,” stated the report’s summary. “It also provides important perspectives on how development priorities can best be sequenced, as well as the role of aid and its limitations.”
The experiences of the countries that the Institute studied show that an environment that enables prosperity is the result of successive leaders’ careful and conscious management of institutional, economic, and social wellbeing. This requires both political acumen and administrative competence, as well as leaders to be men and women of vision and character who are committed to placing the long-term development of their nations above short-term political gains.
“The recommendations in this report are designed to provide leaders with a comprehensive framework for national transformation that is proven and effective—a blueprint for true sustainable development and genuine prosperity,” continued the summary. “Building prosperity is inevitably a daunting undertaking, but this report demonstrates that not only is it possible, but it is within reach of each and every nation.”
Download the report here!
Atlas Network supported the Legatum Institute’s How Nations Succeed report with a grant.
