By Robert Guest
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 affordable go back and forth and straightforward conversation, immigrants in every single place remain in intimate touch with their local nations, developing 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, looking at how those networks create wealth, unfold principles, and foster innovation. masking phenomena equivalent to how younger chinese language learning within the West are infecting China with democratic beliefs, to why the so-called "brain drain"―the stream of proficient migrants from negative international locations to wealthy ones―actually reduces worldwide poverty, it is a interesting examine how migration makes the area wealthier and happier.
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Additional info for Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism
They succeeded. A decade later, Baidu was China’s most popular search engine and Mr. 4 billion. 7 Thanks to his years living and working in America, Mr. Li is effortlessly cosmopolitan. His English is flawless, he shuttles to Internet conferences around the world, his American investors love him and he is on first-name terms with Mark Zuckerberg, the founder of Facebook. Yet Mr. Li has accommodated himself wholly to the Chinese way of doing things. This is not just a matter of switching back to his old name, Li Yanhong.
I was pretty sure I had three, since they were quite noisy. Everywhere I travel, I see migrants adapting cleverly to unfamiliar environments. I’ve met Congolese refugees in Tanzania who created a trading system based on the bland rations doled out by the United Nations. I’ve met Koreans in Japan who, when locked out of white-collar jobs by bigoted locals, have made a fortune from operating noisy pinball arcades. In Brazil, I found that the proof is almost literally in the pudding: the national dish, feijoada, is said to have been invented by African slaves, whose owners gave them only black beans and the parts of pigs that no one else wanted to eat.
20 As a tool for spreading the wealth, open borders make foreign aid look like a child’s lemonade stand. This chapter is about how migration makes the world a better place. But my aim is not merely to list the material benefits and costs. I also want to look at the way migration changes people; how it affects the way they think. Migrants usually have no choice but to become familiar with at least two cultures. So they see opportunities that are invisible to their monocultural neighbors, as Cheung Yan did, and they generate new ideas.
Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism by Robert Guest