Prosperity Is More Than Just Money

For generations we have struggled to find an adequate measurement of national success. We have wrestled with the questions of global superiority and, on occasion, nations have stood face to face in an attempt to prove their supremacy—usually with disastrous consequences.

History is filled with evidence of national one-upmanship, not least when it comes to matters of economic performance. Just two months ago, China overtook Japan as the world's second largest economy. And today you can't open a financial newspaper without reading about the ongoing economic "battle" between the two most populous nations in the world, India and China, and whether either of them will one day overtake the U.S. as the leading global economy.

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Author: PETER MANDELSON