The key success factors in achieving prosperity that is affordable for everyone
Trade is according to trade theory an indirect method of production. By specialising in production of commodities i.e. by producing a commodity more efficiently than other countries, countries can increase their combined production of commodities and consumers in all countries can consume more commodities.
To enable all consumers to consume more commodities the differences in purchasing power between the countries need to be relatively small.
A country can increase its purchasing power by increasing its production of commodities for sale to other countries. This requires supply of environmentally friendly energy at low cost to facilitate lower production costs and lower commodity prices.
One key success factor in achieving prosperity that is affordable for everyone would therefore be producing environmentally friendly energy at lowest possible costs.
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