Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism

A century back, migrants often crossed an ocean and never observed their homelands yet again. Today, they call—or Skype—home the minute their flight has landed, and that’s just the commencing. Thanks to cheap journey and easy communication, immigrants all over the place stay in intimate make contact with with their native nations around the world, developing potent cross-border networks.

In Borderless Economics, Robert Visitor, The Economist’s Organization Editor, travels by means of dozens of countries and 44 American states, observing how these networks produce wealth, distribute concepts and foster innovation. He reveals how:

* Brainy Indians in The usa collaborate with brainy Indians in India to construct fridges and houses

* Youthful Chinese examine in the West and then return residence (exactly where they’re recognized as “sea turtles”), infecting China with ideas that will at some point turn it democratic

* The so-named “brain drain”—the circulation of educated migrants from poor countries to wealthy ones—actually reduces international poverty

*America’s exclusive ability to appeal to and absorb migrants allows it faucet into the power of all the world’s diaspora networks. So regardless of its present woes, if the United States retains its borders open, it will remain the world’s most potent nation indefinitely.

With on-the-ground reporting from Asia, Africa, Europe and even Idaho, this ebook examines how migration, for the all the disruption it leads to, makes the entire world wealthier and happier.