By Robert Guest

ISBN-10: 0230342019

ISBN-13: 9780230342019

A century in the past, migrants frequently crossed an ocean and not observed their homelands back. this present day, they call―or Skype―home the instant their flight has landed, and that is only the start. because of reasonable go back and forth and simple communique, immigrants in all places remain in intimate touch with their local nations, growing strong cross-border networks. In Borderless Economics, Robert visitor, The Economist's worldwide enterprise editor, travels via dozens of nations and forty four American states, watching how those networks create wealth, unfold rules, and foster innovation. protecting phenomena reminiscent of how younger chinese language learning within the West are infecting China with democratic beliefs, to why the so-called "brain drain"―the circulation of knowledgeable migrants from negative international locations to wealthy ones―actually reduces international poverty, this can be a attention-grabbing examine how migration makes the realm wealthier and happier.

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Example text

This was their education: the only worldview their totalitarian rulers allowed them to hear. As they sang a ditty called “We Must Always Be Prepared for the Sake of the Dear Leader,” pictures flashed across a huge backdrop to reinforce the message. There was a picture of the log cabin on Korea’s sacred mountain, Mount Paekdu, where Kim Jong-Il was supposedly born. ) There was a picture of the kimjongilia, a flower named after guess who? And finally, there was a painting of the junior god-king himself, mounted heroically on a rearing horse.

Far from it. But still, as a hard-up student in crazy-costly Tokyo in the early 1990s, I had to find ways to make ends meet in a strange city. I discovered, among other things, that because Japanese people do not like breadcrusts, Japanese bakers throw them away. So if you walk into a bakery and ask for a bag of pan no mimi, the man behind the counter will let you have it for nothing. That, I found, can stave off hunger till the next English-teaching job comes along. As a young reporter in Africa in the late 1990s and early 2000s, I had to cope with roadblocks and rebels.

By any reasonable standard, he had achieved the American dream. ”5 He met another ambitious young Chinese man, Eric Xu, a sales rep for a biotech firm. Mr. Xu decided to make a documentary about American innovation, and invited Mr. Li along to one of the interviews. The subject was Jerry Yang, the Taiwanese cofounder of Yahoo. Both men were impressed. “I got inspired,” Mr. Xu later told Bloomberg BusinessWeek. ”6 Li and Xu went back to China. In January 2000, with backing from American venture capitalists, they founded Baidu, a firm that aimed to do for China what Google had done for the rest of the world.

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Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism by Robert Guest

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