---re-inventing youth entrepreneurship and leadership for national prosperity

NATIONAL PROSPERITY AGENDA -THE CONCEPT

National prosperity is the success of a nation in terms of social economic factors such as public access to food, water, shelter, transportation, and safety; or public access to basic education, information, quality healthcare, and a sustainable environment as well as political factors such as the enjoyment of human rights, freedom of choice, and freedom from discrimination. It is a country’s possession of abundant natural resources and the ability to trade them for other goods and services. It is also a country’s possession of a mix of cultural, economic and human capital which enables them to build a competitive advantage on value-added activities. .

National prosperity is a source of both hard and soft power. Generally speaking, some nations are considered more prosperous than others because they either possess abundant natural resources and have mastered the ability to trade them for other goods and services (Kuwait, Saudi Arabia), or they have a mix of cultural, economic and human capital which enables them to build a competitive advantage on value-added activities (Singapore, South Korea, the majority of the European countries).In today’s world soft power is considered more critical than ever to secure the national competitive advantage. .

INCREASE IN GDP DOES NOT TRANSLATE INTO PROSPERITY

It is our opinion at YELEAP that: .

• A country’s increasing GDP or GDI- total income - does not necessarily translate into making life better for the average citizen. Little wonder there is no reduction in poverty level even with claim of increase in GDP in Nigeria.
• It is because GDP is somehow deceptive. Why? Because the country’s income per capita includes the annual earnings of the few multimillionaires and billionaires, and a number of expatriates who manage the some sectors, and who earn in excess of N60M per annum. These wealthy and high earning individuals have been juxtaposed with the rest of the population.
• GDP is misleading as a measure of national prosperity. The richest 1% may get richer in a society and this will show up in an increase in the GDP: trickledown. But that does not necessarily transfer to a rise in the standard of living for the vast majority.
• GDP may increase, and the rich, who own the majority of the businesses in a country, get richer, and the people remain poor. The increased wealth simply enters the pockets of the owners of specific businesses, and those with power and connections.
• The better way to measure national prosperity is to measure social economic factors such as public access to food, water, shelter, transportation, and safety; or public access to basic education, information, quality healthcare, and a sustainable environment. There are also the political and governance type measures, such as the enjoyment of human rights, freedom of choice, and freedom from discrimination .

YELEAP BELIEFS

At YELEAP we believe that any success one has in life must begin with a vision. A vision is the ability to see what others cannot see. It is being able to have a picture in your mind of exactly the result you intend to produce. The visionary entrepreneur is able to see exactly what his organisation is going to look like in every detail when it is finished.
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CONTACT US

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www.classicentrepreneurs.com/yeleap

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yeleap@classicentrepreneurs.com


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