Thursday, 14 September 2006

Good news about globalisation

Here's a lesson on globalisation from Johan Norberg:
"Indian-American entrepreneurs own nearly 20 percent of all Silicon Valley high-tech startups, and an estimated 55 percent of all U.S. motels are owned by Americans of South Asian ancestry. In 2000, a staggering one of out every nine Indian-Americans was a millionaire and almost 60 percent of Indian-Americans over 25 have graduated from college."
Another success story of globalisation: They get jobs, I get a cheaper motel. They become millionaires and I get better technology. But don´t expect the world´s governments to understand the plus sum-game that trade represents.
The last lesson, about the inability of governments to learn, is the bad news.
LINK: What the world could have learned along Highway 93 - Johan Norberg.Net  

RELATED: Politics-World, Economics, Immigration

No comments:

Post a Comment

1. Commenters are welcome and are invited to challenge the facts presented herein. Commenters who wish to ignore them however will themselves be ignored.
2. Read before you comment.
3. Say what you mean, and mean what you say.
4. Off-topic grandstanding, trolling and spam is moderated. (Unless it's entertaining.)