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Kishore Mahbubani:Why are Asian countries proponents of free-market economics?

Kishore Mahbubani: Well, because it works, because they have seen, I mean they have seen how Japan first took off and then Japan’s economic take-off was followed by the four economic tigers: Korea, Taiwan, Hong Kong, Singapore. Then it spread through southeast Asia, to Indonesia and Malaysia and Thailand. Then it went in to China, and China now it had the world’s fastest growing economy for almost 30 years, and that is remarkable, for the world's most populous country to have the fastest growing economy in the world is as unnatural as watching the fattest boy in class win the 100-meter race. It is an unnatural sight and that is what you have seen in china and now China’s take-off has not being replicated in India. So if you can imagine billions of people surging forward in this, what I call this march to modernity, its completely changing history of the world. And the really good news, by the way, that any Western audience should pay attention to is that this march modernity is now entering the Islamic world too, and if it enters the Islamic world and you have modern middle classes emerging in the Islamic world, it makes the world a safer and a more predictable place. Recorded on: 2/28/08

 

Because it works, Mahbubani says.

The “new normal” paradox: What COVID-19 has revealed about higher education

Higher education faces challenges that are unlike any other industry. What path will ASU, and universities like ASU, take in a post-COVID world?

Photo: Luis Robayo/AFP via Getty Images
Sponsored by Charles Koch Foundation
  • Everywhere you turn, the idea that coronavirus has brought on a "new normal" is present and true. But for higher education, COVID-19 exposes a long list of pernicious old problems more than it presents new problems.
  • It was widely known, yet ignored, that digital instruction must be embraced. When combined with traditional, in-person teaching, it can enhance student learning outcomes at scale.
  • COVID-19 has forced institutions to understand that far too many higher education outcomes are determined by a student's family income, and in the context of COVID-19 this means that lower-income students, first-generation students and students of color will be disproportionately afflicted.
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How DNA revealed the woolly mammoth's fate – and what it teaches us today

Scientists uncovered the secrets of what drove some of the world's last remaining woolly mammoths to extinction.

Ethan Miller/Getty Images
Surprising Science

Every summer, children on the Alaskan island of St Paul cool down in Lake Hill, a crater lake in an extinct volcano – unaware of the mysteries that lie beneath.

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Dinosaur bone? Meteorite? These men's wedding bands are a real break from boredom.

Manly Bands wanted to improve on mens' wedding bands. Mission accomplished.

Sex & Relationships
  • Manly Bands was founded in 2016 to provide better options and customer service in men's wedding bands.
  • Unique materials include antler, dinosaur bones, meteorite, tungsten, and whiskey barrels.
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Conspicuous consumption is over. It’s all about intangibles now

These new status behaviours are what one expert calls 'inconspicuous consumption'.

Vittorio Zunino Celotto/Getty Images for Tiffany
Politics & Current Affairs
In 1899, the economist Thorstein Veblen observed that silver spoons and corsets were markers of elite social position.
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