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Our Roadmap to Success, for ‘US’
Dollars & Cents

                                                    “Life, Liberty, and the Pursuit of Happiness” - The American Dream - it raises the bar,
                                                    setting a standard of excellence, for other countries and cultures to follow. The US
                                                    thrives on the vitality of its human capital and reputation equity, a creative and educated
                                                    workforce - America’s Alternative Energy... Visionaries, innovative, diverse, talented,
                                                    forward thinkers, and doers, who energize our growth into a global, urban community.
                                                    They will change the world.
                                                                                                                                                                                                                                                                                                                         (Photo © Tom Field Photography)



                                                                                                                                                                                                                                                        C    ounties and cities compete to build the best communities to live and work, and
                                                                                                                                                                                                                                                             economic development experts look for new ways to excel. Our ability to build
                                                                                                                                                                                                                                                        a “creative community” – where talented and creative people want to live, work and
                                                                                                                                                                                                                                                        play is one path. Richard Florida theorizes that communities which emphasize new
                                                                                                                                                                                                                                                        technology, talent and tolerance will attract young, educated, and creative people who
                                                                                                                                                                                                                                                        contribute directly to economic growth.
                                                                                                                                                                                                                                                              Economic and intellectual wealth spawned charities and foundations supporting
                                                                                                                                                                                                                                                        creative arts, integrating intellectual endeavors with upward mobility for the less
                                                                                                                                                                                                                                                        affluent citizens, creating a place where people want to live and work. America
                                                                                                                                                                                                                                                        reputation as the Land of Opportunity enticed millions of immigrants and refugees to
                                                                                                                                                                                                                                                        our shores to invest their intellects and energy in both our economy and our society.

                                                                                                                                                                                                                                                        ECONOMIC GROWTH & DEVELOPMENT
                                                                                                                                                                                                                                                              Twenty-First Century America is one of the great economic success stories in
                                                                                                                                                                                                                                                        history. Thousands of dynamic companies capitalized on well-educated and highly
                                                                                                                                                                                                                                                        skilled residents, excellent school systems, and cultural amenities, making the US
                                                                                                                                                                                                                                                        a highly desirable places to live and work. The United States, as a world-class hub of
                                                                                                                                                                                                                                                        commerce and trade and the technology, provides a wide array of information and free
                                                                                                                                                                                                                                                        services designed to help American and international businesses locate or expand
                                                                                                                                                                                                                                                        their commercial operations. This thriving business community builds the commercial
                                                                                                                                                                                                                                                        tax base and helps fund award-winning public programs and services for a growing
                                                                                                                                                                                                                                                        and diversifying population.

                                                                                                                                                                                                                                                        PROSPERITY & WEALTH
                                                                                                                                                                                                                                                              America’s audience is the leadership of developing countries, studying and
                                                                                                                                                                                                                                                        understanding the policies and strategies that underlie rapid and sustained economic
                                                                                                                                                                                                                                                        growth and poverty reduction. The exponential expansion of the internet has changed
                                                                                                                                                                                                                                                        the knowledge base of the entire world. As we’ve learned, knowledge is power. The
                                                                                                                                                                                                                                                        distribution of knowledge (or wealth of knowledge) to even the remotest areas opens
                                                                                                                                                                                                                                                        not only learning opportunities, but communication access for those with unlimited
                                                                                                                                                                                                                                                        potential, but without those windows of opportunity that are needed to advance.

                                                                                                                                                                                                                                                        DEDICATION & COMMITMENT
                                                                                                                                                                                                                                                              Our bond is the belief that the world’s challenges - poverty, environment,
                                                                                                                                                                                                                                                        international conflict, vast differences in living standards within and across countries -
                                                                                                                                                                                                                                                        are best met in conditions of rising and sustained prosperity, and expanding economic
                                                                                                                                                                                                                                                        opportunities. Poverty cannot be reduced in isolation from economic growth; the
                                                                                                                                                                                                                                                        economic and social forces underlying rapid and sustained growth are the missing
                                                                                                                                                                                                                                                        links in most strategies. Industrialized nations need to assist developing countries
                                                                                                                                                                                                                                                        accelerate their rates of growth for their incomes to catch up.

                                                                                                                                                                                                                                                              The World Bank’s Commission on Growth and Development, funded by the
                                                                                                                                                                                                                                                        William and Flora Hewlett Foundation, Australia, Netherlands, Sweden, the United
                                                                                                                                                                                                                                                        Kingdom, as well as the World Bank, have defined these themes and issues by
                                                                                                                                                                                                                                                        inviting renowned academics, practitioners and experts to explore possibilities and
                                                                                                                                                                                                                                                        opportunities for growth and development.
                                                                                                                                                                                                                                                              As Americans, we are dedicated and committed to this investment in human
                                                                                                                                                                                                                                                        capital to achieve economic development, prosperity, and sustainability of our dynamic
                       U.S. President George W. Bush talks in the Rose Garden after meeting with G7 finance ministers and heads of international finance institutions at the White House in Washington DC, 11 October 2008. Also pictured behind
                       him are (left-to-right): Bank of Italy Governor Mario Draghi, IMF Managing Director Dominique Strauss-Kahn, Eurogroup Chairman Jean-Claude Juncker, Japan’s Finance Minister Shoichi Nakagawa, U.S. Secretary of State
                                                                                                                                                                                                                                                        countries, where citizens pull their own weight.
                       Condoleezza Rice, U.S. Treasury Secretary Henry Paulson, France’s Finance Minister Christine Lagarde, Canada’s Finance Minister Jim Flaherty, Britain’s Chancellor of the Exchequer Alistair Darling, Italy’s Economy Minister
                                                                                                                                                                                                                                                                                                         This is the United States of America.
                       Giulio Tremonti, Germany’s Finance Minster Peer Steinbrueck and World Bank President Robert Zoellick. (Photo courtesy - International Monetary Fund Photograph/Stephen Jaffe)




                  84    Best of DC                                                                                                                                                                                                                                                                                                       Best of DC    85

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H 2 (Preface Dollars & Cents)

  • 1. Our Roadmap to Success, for ‘US’ Dollars & Cents “Life, Liberty, and the Pursuit of Happiness” - The American Dream - it raises the bar, setting a standard of excellence, for other countries and cultures to follow. The US thrives on the vitality of its human capital and reputation equity, a creative and educated workforce - America’s Alternative Energy... Visionaries, innovative, diverse, talented, forward thinkers, and doers, who energize our growth into a global, urban community. They will change the world. (Photo © Tom Field Photography) C ounties and cities compete to build the best communities to live and work, and economic development experts look for new ways to excel. Our ability to build a “creative community” – where talented and creative people want to live, work and play is one path. Richard Florida theorizes that communities which emphasize new technology, talent and tolerance will attract young, educated, and creative people who contribute directly to economic growth. Economic and intellectual wealth spawned charities and foundations supporting creative arts, integrating intellectual endeavors with upward mobility for the less affluent citizens, creating a place where people want to live and work. America reputation as the Land of Opportunity enticed millions of immigrants and refugees to our shores to invest their intellects and energy in both our economy and our society. ECONOMIC GROWTH & DEVELOPMENT Twenty-First Century America is one of the great economic success stories in history. Thousands of dynamic companies capitalized on well-educated and highly skilled residents, excellent school systems, and cultural amenities, making the US a highly desirable places to live and work. The United States, as a world-class hub of commerce and trade and the technology, provides a wide array of information and free services designed to help American and international businesses locate or expand their commercial operations. This thriving business community builds the commercial tax base and helps fund award-winning public programs and services for a growing and diversifying population. PROSPERITY & WEALTH America’s audience is the leadership of developing countries, studying and understanding the policies and strategies that underlie rapid and sustained economic growth and poverty reduction. The exponential expansion of the internet has changed the knowledge base of the entire world. As we’ve learned, knowledge is power. The distribution of knowledge (or wealth of knowledge) to even the remotest areas opens not only learning opportunities, but communication access for those with unlimited potential, but without those windows of opportunity that are needed to advance. DEDICATION & COMMITMENT Our bond is the belief that the world’s challenges - poverty, environment, international conflict, vast differences in living standards within and across countries - are best met in conditions of rising and sustained prosperity, and expanding economic opportunities. Poverty cannot be reduced in isolation from economic growth; the economic and social forces underlying rapid and sustained growth are the missing links in most strategies. Industrialized nations need to assist developing countries accelerate their rates of growth for their incomes to catch up. The World Bank’s Commission on Growth and Development, funded by the William and Flora Hewlett Foundation, Australia, Netherlands, Sweden, the United Kingdom, as well as the World Bank, have defined these themes and issues by inviting renowned academics, practitioners and experts to explore possibilities and opportunities for growth and development. As Americans, we are dedicated and committed to this investment in human capital to achieve economic development, prosperity, and sustainability of our dynamic U.S. President George W. Bush talks in the Rose Garden after meeting with G7 finance ministers and heads of international finance institutions at the White House in Washington DC, 11 October 2008. Also pictured behind him are (left-to-right): Bank of Italy Governor Mario Draghi, IMF Managing Director Dominique Strauss-Kahn, Eurogroup Chairman Jean-Claude Juncker, Japan’s Finance Minister Shoichi Nakagawa, U.S. Secretary of State countries, where citizens pull their own weight. Condoleezza Rice, U.S. Treasury Secretary Henry Paulson, France’s Finance Minister Christine Lagarde, Canada’s Finance Minister Jim Flaherty, Britain’s Chancellor of the Exchequer Alistair Darling, Italy’s Economy Minister This is the United States of America. Giulio Tremonti, Germany’s Finance Minster Peer Steinbrueck and World Bank President Robert Zoellick. (Photo courtesy - International Monetary Fund Photograph/Stephen Jaffe) 84 Best of DC Best of DC 85