The stark reality is that the world is not a true meritocracy—not even close. As author Malcolm Gladwell aptly observed, “The world is not a meritocracy, as much as we may like to pretend that it is.
And we have a long way to go before we really reward people based on their own merit.”
The result is a vicious cycle of inequality that perpetuates the dominance of elites and stifles social mobility. Talented individuals from underprivileged backgrounds are denied the chance to climb the ladder, while those born into privilege coast through life on the coattails of their family name and connections.
To break free of the middle-income trap and propel the country towards high-income status, national leaders must urgently address these entrenched forces of inequality. Our policymakers, including public and private sector leaders must take bold steps to reward merit over mere status—through investments in quality education for all, transparent and competitive hiring practices, and policies that hold elites accountable and reduce extreme wealth disparities.
Identify and support talent: Utilize standardized tests and other objective measures to identify and nurture talent, regardless of social connections.
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