Self-Motivation
David Goggins
Former Navy Seal
Career Development
Bryan Cranston
Actor
Critical Thinking
Liv Boeree
International Poker Champion
Emotional Intelligence
Amaryllis Fox
Former CIA Clandestine Operative
Management
Chris Hadfield
Retired Canadian Astronaut & Author
Learn
from the world's big
thinkers
Start Learning

Thriving and Failing in the New Global Economy

Question: What countries are thriving during the global recession?

\r\n

Juan Enriquez: One of the most extraordinary trends in the world—you know, there’s a couple of people that, if I had a wand and could put statues in different places, one of the statues would go to a man who just died, called Norman Borlaug, who came up with the Green Revolution. We traditionally in this world didn’t have enough calories to feed all of us and had huge famines, not just in Africa, but had them across India, across Southeast Asia, and across China. Because of Borlaug’s work at Simit and because of this we have huge excess, until very recently, in agricultural produce and the prices went through the floor. But there was more than enough to feed everybody in the world, if we could distribute it right. So, Borlaug would be one figure that I think fundamentally changed India, China, all of Southeast Asia, and gave them the time to be able to build on other things.

\r\n

The second person who I think one has to think about building a statue to is Deng Xiaoping, who took a country that had traditionally dominated the world economy, had traditionally dominated education in learning, exploration and science, and that country went into a 500-year sabbatical and it wasn’t pretty on the income per capita. The first time I went to China in 1977 was in the low 100’s, and everybody was wearing the same things, and the richest of the rich had bicycles, and you would walk in those streets and a thousand people would follow you because nobody had ever seen a westerner in some of these parts.

\r\n

Compare that with China today. China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they’ve come out of this mess, how little debt they have, is really important. It doesn’t mean they have perfect governance; in fact, there is much to be improved upon. But it does mean that they are catching up very quickly, and it does mean that as you begin to think about the United States in the context and Europe in the context of the world economy, it’s going to be a very different ballgame 10 years out and 20 years out.

\r\n

Question: How can your native Mexico end its economic struggles?

\r\n

Juan Enriquez: So one of the things that really worries me, in part about Mexico, in part about Latin America, and in part about the Hispanic population in the U.S. and Canada. It’s this lack of awareness of this whole science world.

\r\n

When I grew up, I simply didn’t have mentors that said, “Science is important. Science helps you build a country. Science makes a country powerful.” And that’s such a simple thought, but when you think about what’s powered Taiwan and Korea and Silicon Valley and Cambridge. In part it’s this wonderful culture and architecture and food and art, and everything else. But the gasoline for all that stuff is startup companies in science.

\r\n

To use the latest figures in the U.S., venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly.

\r\n

Now, if you don’t have that science and technology and brains as an input, as you don’t have in large parts of Latin America, if you don’t focus your education on that, if you don’t find your 10,000 best scientists, but you do find your 10,000 best soccer players, the consequences are, you become a World Cup Champion in Soccer, like Brazil, but you don’t become Korea, which earned 1/5 of what a Mexican did in 1975 and today earns five times more.

\r\n

Within the United States, there is a real division between the PhDs given in science and math to the Asian community, to the traditional white community, and then to African-Americans and Hispanics. And until African-Americans and Hispanics can get serious, not just about area studies, which are important, but also about science and technology, they’re not going to generate that wealth and that job within those communities. And that has absolutely devastating consequences for the places where people live, for the jobs and for the wealth.

Recorded on November 9, 2009
Interviewed by Austin Allen

Venture capitalist Juan Enriquez analyzes the divergent fates of China and Latin America and what lessons they hold for the rest of the world.

Live on Tuesday | Personal finance in the COVID-19 era

Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.

Women who go to church have more kids—and more help

Want help raising your kids? Spend more time at church, says new study.

Pixabay
Culture & Religion
  • Religious people tend to have more children than secular people, but why remains unknown.
  • A new study suggests that the social circles provided by regular church going make raising kids easier.
  • Conversely, having a large secular social group made women less likely to have children.
Keep reading Show less

Bubonic plague case reported in China

Health officials in China reported that a man was infected with bubonic plague, the infectious disease that caused the Black Death.

(Photo by Centers for Disease Control and Prevention/Getty Images)
Coronavirus
  • The case was reported in the city of Bayannur, which has issued a level-three plague prevention warning.
  • Modern antibiotics can effectively treat bubonic plague, which spreads mainly by fleas.
  • Chinese health officials are also monitoring a newly discovered type of swine flu that has the potential to develop into a pandemic virus.
Keep reading Show less

Leonardo da Vinci could visually flip between dimensions, neuroscientist claims

A neuroscientist argues that da Vinci shared a disorder with Picasso and Rembrandt.

Christopher Tyler
Mind & Brain
  • A neuroscientist at the City University of London proposes that Leonardo da Vinci may have had exotropia, allowing him to see the world with impaired depth perception.
  • If true, it means that Da Vinci would have been able to see the images he wanted to paint as they would have appeared on a flat surface.
  • The finding reminds us that sometimes looking at the world in a different way can have fantastic results.
Keep reading Show less

Education vs. learning: How semantics can trigger a mind shift

The word "learning" opens up space for more people, places, and ideas.

Future of Learning
  • The terms 'education' and 'learning' are often used interchangeably, but there is a cultural connotation to the former that can be limiting. Education naturally links to schooling, which is only one form of learning.
  • Gregg Behr, founder and co-chair of Remake Learning, believes that this small word shift opens up the possibilities in terms of how and where learning can happen. It also becomes a more inclusive practice, welcoming in a larger, more diverse group of thinkers.
  • Post-COVID, the way we think about what learning looks like will inevitably change, so it's crucial to adjust and begin building the necessary support systems today.
Keep reading Show less
Quantcast