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

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