Hubbard on private sector development

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Glenn Hubbard in the Financial Times:

Understanding the role of business and business institutions in prosperity is surely a good complement to the Buffett-Gates emphasis on social transformation of the poorest nations through medical advances.

Countries today prosper or fail to the extent that they embrace basic business principles.

Ok... so he was talking about the importance of an MBA education not private sector development in developing countries. He might be interested in our earlier discussion on the relevance of MBA programs in developing countries.

Note: Mark Thoma has most of the FT article if you don't have a subscription.

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