= Borderless Economics = === Robert Guest Palgrave 2011 978-0230113824 === === booknotes === . 2009: 215 million, 3%, living outside their native country . 50% increase since 1990 . networks - friends and family connecting across borders to build businesses . examples: Baidu founder, Rothschild . spreads resources to survive disasters . trust, inside knowledge, . escalator migration - US via Australia/UK/Canada . Scientific collaboration . Microbanking via cell phone . pg 125 example, Salvadorian moves from above average salary to below average . US now 20% of overseas students, was 28% in 2001 . 30% of MIT foreign students found companies (half in US) . Obama "brand effect" $2.1T in first year . US Border patrol 1993/3500 2010/17000 . $285B to round up and expel 11 million . Home ownership and Medical insurance kills mobility . halved since 1960 . China - 1/3 territory not ethnic Han . 60 million overseas Chinese . "Sea Turtles" - foreign educated abroad . 800K Taiwan on mainland, > $90B investment . 2003-2011 325K studied abroad and returned . 2/3 since 1978 remained abroad . 21% ministers/assistants foreign educated . Jack Ma, Hangzhou, Alibaba, Alipay, Ali-loan, Taobao, 57M users 2011, . 80% of population satisfied, national pride . main complaint corruption (80K mass protests/year) . poverty: 1990-60%, 2010-10% ( < $1/day ) . 800,000 millionaires . Twitter -> Sina , Google -> Baidu . . Indian Diaspora 25 million . 2/3 of grain for poor is stolen or adulterated . Nandan Nilekani / Srikanth Nadhamini / Jim Clark build UID system . Jamshyd Godrej - Chotu Kool $70 solid state fridge . Munesh Makhija - Handheld heart scanner . Singh brothers, Fortis hospital system . Doctors focus on medicine, not admin . Pew surveys . US Muslims, suicide attacks sometimes justified: 15% under 30 , 6% over 30 . Al Queda 2003 to 2009 approval: Indonesia 59%-26% Lebanon 19%-1%, Gaza/WestBank 72%-34%