Articles Archive for 1 November 2007
Adopting Innovation, China, Cities and Urbanization, Random Draws, Rural Development, Why is India Poor? »
Golf, not Chess
Economic growth in a sense, and to a much larger extent economic development, is more akin to a game of golf than a game of chess. In golf, the opponent’s moves matter very little; you may as well play by yourself and later compare scores if needed. In chess, your move depends on how your opponent has moved and how he is likely to respond to your move. In other words, chess is a strategic game while golf is not. All this is very broadly speaking, naturally. I …



