NZ Business RoundTable - Perspectives October 07

New Zealand Business RoundTable - Perspectives Oct 07
No. 130 October 2007

The Secrets of Intangible Wealth
By Ronald Bailey
12 October 2007
A Mexican migrant to the U.S. is five times more productive than one who stays home. Why is that? The answer is not the obvious one: This country has more machinery or tools or natural resources. Instead, according to some remarkable but largely ignored research—by the World Bank, of all places—it is because the average American has access to over $418,000 in intangible wealth, while the stay-at-home Mexican’s intangible wealth is just $34,000.

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This article was first published in The Wall Street Journal online on 29 September 2007
Articles in the Perspectives series plus a large library of books, studies, speeches, articles and DVDs on a wide range of public policy issues can be found at www.nzbr.org.nz

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ENDS

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