A MODEST SOLUTION FOR POOR COUNTRIES TO DO MUCH BETTER

Zurich, Switzerland. “It was the best of times, it was the worst of times” (with apologies to Dickens).
Despite the attempts to unify Europe into an economic and partial political whole over the past 70 years, the grand experiment is unraveling, and it increasingly looks like the Humpty Dumpty we call Europe cannot be put back together again.
Parts of Europe are enjoying unparalleled freedom and prosperity, but other parts are sinking both economically and politically. What explains the growing divergence?
The table above is a partial snapshot of the divergence problem. The different outcomes can be almost fully explained by corruption or the absence thereof, and the degree of economic freedom.
Here is a modest solution for how poor countries can improve themselves – put up their sovereignty as collateral to countries run better.












