Chandler Prosperity Model
How is prosperity created and sustained? The solution lies neither in governments nor in individuals alone, but rather in both public and personal efforts. The Chandler Prosperity Model represents a total game understanding of national prosperity and individual flourishing. We believe holistic approach is required in order to create a strong and prosperous nation.
Governments bear the responsibility to build the infrastructure which allows market forces to create prosperity. This is what we call the governance waterfall. But individuals also have a role to play in their own well-being, a responsibility to work toward their aspirations and develop their skills and character. We refer to this as the social mobility ladder. While we describe three distinct levels that connect the governance waterfall and social mobility ladder, we believe the separate levels are interconnected, and reinforce – or undermine – the others.
Level 1 depicts the necessary conditions at the community level. Individuals need a foundation of security, healthcare, housing, and education before they can create and contribute. Vocational skills and values then provide a springboard into the workforce.
Level 2 focuses on the middle class – the engine of each nation. The infrastructure that drives the middle class engine room includes livable cities, business culture and vitality, marketplace institutions and exchanges, and access to capital. Put in place, these connect skills, ideas, and capital. The middle class becomes a source of creativity, innovation, and entrepreneurship.
Level 3 highlights leadership and governance. Wise leadership and good governance create the right incentives and protections which allow individuals to follow their dreams and improve their lives. Where there is ethical, competent leadership, countries produce stability and wealth for generations of citizens. Leadership creates prosperity; governance helps sustain it.