The desire for economic prosperity is itself not culturally determined but almost universally shared
Interpretation
The aspiration for economic wealth is a common human trait, transcending cultural differences.
Francis Fukuyama highlights that the pursuit of economic prosperity is a fundamental desire in humanity that exists across various cultures. This suggests that regardless of differing values or traditions, the aim for improved economic conditions is a shared aspiration, underscoring a commonality among people worldwide.
In practice
In a speech on global economic initiatives, you might quote Fukuyama to emphasize the universal drive for prosperity.
If people who have to work together in an enterprise trust one another it is because they are all operating to a common set of ethical norms....such a society will be better able to innovate...since the high degree of trust will permit a wide variety of social relationships to emerge.
It was the slave's continuing desire for recognition that was the motor which propelled history forward, not the idle complacency and unchanging self-identity of the master
What Asia's postwar economic miracle demonstrates is that_x000D_ capitalism is a path toward economic development that is potentially_x000D_ available to all countries. No underdeveloped country in the_x000D_ Third World is disadvantaged simply because it began the growth_x000D_ process later than Europe, nor are the established industrial powers_x000D_ capable of blocking the development of a latecomer, provided_x000D_ that country plays by the rules of economic liberalism.
The rationale for tenure is still valid. But the system has turned the academy into one of the most conservative and costly institutions in the country. Yes, conservative: Economists joke that their discipline advances one funeral at a time, but many fields must wait for wholesale generational turnover before new approaches take hold.
You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.
Markets can influence the events that they anticipate.
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.
Trade and commerce, if they were not made of Indian rubber, would never manage to bounce over the obstacles which legislators are continually putting in their way.
A clear lesson of history is that a 'sine qua non' for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.
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