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Countries With No Natural Resources Are The Luckiest Countries

a country be considered lucky if it sits on top of vast oil reserves?
Or have caves studded with gems or mountains of gold?

Perhaps not.

Columnist Thomas L. Friedman of The New York Times wrote an interesting
article about how there’s an inverse correlation between a country’s natural
and its human resources:

EVERY so often someone asks me: “What’s your favorite
country, other than your own?”

I’ve always had the same answer: Taiwan. “Taiwan? Why
Taiwan?” people ask.

Very simple: Because Taiwan is a barren rock in a typhoon-laden
sea with no natural resources to live off of — it even has to
import sand and gravel from China for construction — yet it has
the fourth-largest financial reserves in the world. Because rather than
digging in the ground and mining whatever comes up, Taiwan has mined
its 23 million people, their talent, energy and intelligence —
men and women. I always tell my friends in Taiwan: “You’re
the luckiest people in the world. How did you get so lucky? You have
no oil, no iron ore, no forests, no diamonds, no gold, just a few small
deposits of coal and natural gas — and because of that you developed
the habits and culture of honing your people’s skills, which turns
out to be the most valuable and only truly renewable resource in the
world today.


Post Metadata

March 12th, 2012

Stranger to the World


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