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%