Meritocracy: a conduit for development?

Meritocracy is a system that gives its members special rights, privileges, or social status based on a system of merit: by setting up tight and intense competition to find the best people who deserve such rewards. In a meritocratic society, one obtains a high social status, wealth and all the fame and glory, if and only if one can prove oneself as the best. This pushes society forward by underlining the importance of results as an indicator of success.
The New Times
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