The question of why some nations fail, while others succeed, lies at the heart of development policy. On November 5th, the Legatum Institute will host the launch of a major new policy programme focusing on countries that found a pathway from poverty to prosperity.
There are a handful of well-known examples of nations that have, in the recent past, achieved prosperity from a low starting point in the mid-twentieth century, South Korea and Singapore being such examples. On the other hand, many tens of nations, especially on the African continent, have remained trapped in a vicious cycle of slow, if not non-existent, development over decades. While some poor nations have enjoyed extraordinary periods of growth, most have failed to sustain it long enough to achieve middle-income status.
So our question was to ask: how can poor countries break out of the cycle of poverty permanently, and in particular, poor countries outside of East Asia? Find out find out more next week.