Overview

To provoke prosperity and purge poverty in developing countries as the only effective way to solve the illegal migration crisis, great change is required. Current practices must be radically revised, and existing deficiencies eliminated. This means that mindsets must be refocused, bureaucracies reduced, processes made more agile, multiple barriers removed, and proper supportive policies implanted so that massive investment can be attracted that creates better jobs and pays higher salaries in a sustainable way. All aspects must be managed with excellence. This includes managing the investment climate, the economic environment, the attraction of investment, the businesses, the supply chains, the processes, infrastructure, judicial certainty, the psychology of the citizens and the education of the work force. The crucial management factor tends to be ignored or disdained by those engaged in economic development, which is why it plays a central role in this book. Good managers do greater good than just about anyone else. After all, they must produce better products and services at cheaper prices to survive. An excellent manager's responsibility is to ethically maximize the outputs of each individual and reward them accordingly. Inspired, creative productive people supported by internationally competitive capital investment are the motor of development. When they are managed correctly, that motor will run smoothly and powerfully. Prosperity will be provoked, poverty purged and accelerated development achieved to the utmost.

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9781737559184

Table of Contents

Reviews

""Provoking Prosperity"" is unique in providing practical solutions to poverty - a life-long concern for me. What particularly jumped out at me and impressed me is its unparalleled insight into legal, conceptual and other barriers of current practice in the development field that must be overcome. Its large-company strategy to provide more decent jobs is convincing. Its focus on the crucial management role in all aspects of the very complex development field is unequaled. Its coverage of productivity, market growth and exchange rates, and its presentation of financial options and what investors seek are outstanding. I know, because many of these themes were at the heart of my lengthy career as Senior Vice-President of a leading global financial services firm, and my earlier experience in development activities when I spent 5 years in the third world. My hope is that its wise recommendations are implemented, because the quality of life of vast multitudes is at stake. -- Jerry Estruth is a retired as a Senior Vice President and financial planner from a major Wall Street brokerage firm after 44 years. He had IOOs of clients and a capital responsibility exceeding $500,000,000. He never gave up on figuring out what finance and economics could do for those less fortunate. He always helped individuals become wealthy. (or prosperous).

Author Information

Roger Cowan has an MBA in International Business and Finance from Columbia University and a BA in Economics from Stanford University. For 28 years he was Chairman of the Management Department at Francisco Marroquin University in Guatemala. As a professor he gave 20 different preparations. He is a renowned international conference speaker having given presentations in the United States, Mexico, Central and South America and Europe. As an international business consultant, he has directed the strategic plans of the Bank of Guatemala, various government ministries and some of Central America's most important businesses. He is a management of development pioneer. In the fields of development and education, he has done studies for the World Bank, BID, USAID and the United Nations Development Program. He has 3 years of grass roots experience in the Peace Corps in Ecuador in community development, credit union formation and physical education. He designed an innovative program in sports and development that became an official Peace Corps program. He has top management experience as Strategic Director of a company dedicated to building an innovative regional development hub. He worked for a year as Eastern European expert and credit official in an investment bank based in London. As an entrepreneur he has had several businesses including a consulting business in Tito-era Yugoslavia, seeing it as a gateway to Eastern European markets. He is fully aware of the problems of underprivileged youth and how to solve them because for 25 years he has aided a couple thousand in Guatemala as co-director of a soccer program that leads them to triumph in life. He is author of numerous articles, books and pamphlets.

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