However, the remainder of this article is about the rules ensuring a successful global economy, the rules that turn a country into a winning nation, and the rules that enable a business to become world-class. The generally accepted rules for a growing global economy in the long run are four: Globalisation and the expansion of free trade; the sharing of new technologies to improve the lives of all people who live on this planet; international peace so that the previous two rules are not disrupted by major wars; and economic development in a way which does not harm the natural environment. The rules for a winning nation are six in total: A high quality education system and infrastructure; a strong work ethic; the mobilisation of capital to create an inclusive and entrepreneurial society; a 'dual logic' economy where big business works in partnership with small business; social harmony including rule of law and absence of corruption; and being an outward-looking global player.
Never forget the rules of the game in the global economy
May 12, 2018 4 min read
I know that what I am about to say sounds conservative and it is cool to talk about breaking all the rules. Yet, if you want to succeed in life, you have to abide by certain rules of the game. The most basic ones are those that govern ethical behaviour. These have more or less remained unchanged for centuries because of their religious origin. Obviously, specific rules of conduct have been revised over time as we have recently seen in the case of what constitutes improper behaviour by men towards women. Many lives of famous people are being destroyed by the new rules as we speak.