Finance expert Mike Periu on how the United States has fallen out of the top ten list of countries in the recently published Prosperity Index
The Legatum Institute in London recently published its annual Prosperity Index and for the first time the United States did not rank in the top ten, coming in 12th out of 142 included in the study. This comes at a time when prosperity around the globe has increased.
Scott Shane, Professor of Entrepreneurial Studies at Case Western Reserve University believes this may be happening because of a significant shift in attitudes towards entrepreneurship. Many people don’t believe that entrepreneurship and free markets are key to achieving prosperity. This has led to a decline in entrepreneurship that is in fact important for prosperity. In addition, government regulatory efforts have been focused on reducing “rent-seeking behavior” which in economic parlance means making money by obtaining it from others as opposed to doing it by increasing productivity. These efforts create new regulations, which adds to costs and risks associated with entrepreneurial activity.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
