The World Bank found out that it is not just material capital and natural resources that constitute a nation’s wealth. It’s also about rule of law, trust (hello, Fukuyama!), and education - all intangibles.

I heard about this from my boss, Bong Montesa. Here’s a good intro to the 2006 study: http://reason.com/news/show/122854.html
From that article, I got [...]