By Robert Guest
A century in the past, migrants usually crossed an ocean and not observed their homelands back. this day, they call―or Skype―home the instant their flight has landed, and that is just the start. because of reasonable go back and forth and straightforward verbal exchange, immigrants in all places remain in intimate touch with their local international locations, 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 principles, and foster innovation. overlaying phenomena resembling how younger chinese language learning within the West are infecting China with democratic beliefs, to why the so-called "brain drain"―the movement of knowledgeable migrants from terrible nations to wealthy ones―actually reduces worldwide poverty, it is a attention-grabbing examine how migration makes the area wealthier and happier.
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Extra resources for Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism
A WORLD WIDE WEB OF PEOPLE Another big difference between migrants and less mobile folk is that migrants are more likely to form cross border networks. These networks serve two critical functions. First, they speed the flow of information. A Venezuelan in Miami who hears that a local building site needs extra hands will swiftly alert his cousin in Caracas. A Chinese trader in South Africa who realizes that visiting soccer fans are desperate to buy deafening plastic vuvuzela horns will immediately tell a factory in Zhejiang to start cranking them out.
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.
My own subjective impression, having spent most of my working life outside the country where I grew up (Britain), is that culture shock makes you think. I don’t pretend that my life has been as challenging as that of a Cuban raft-rider or a Somali refugee. 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.