Every now and then, suddenly things make a lot of sense when one gets to know the background story. Keith Hudson’s latest dispatch on the Iran situation is one such succinctly described brief. Here it is for the record.
Continue reading “Background Brief: Iran”
Cities are engines of growth because they “manufacture” wealth. That is why rich economies are predominantly urban, and those economies that are largely rural are poor. Therefore the transition from a poor economy to a rich one depends on the transition of the majority of the population from being rural to urban. The scale and quality of the basic habitation unit determines the success of an economy. A large number of small villages is sufficient for poverty; a number of large cities is necessary for prosperity. Economic growth is both a cause and consequence of urbanization, as can be seen anywhere around the world.
Continue reading “Coordination of the Factors”