I am honored to be asked to be a contributor to a new electronic newspaper hosted in the UK and partnered with the the London College of Communication, University of the Arts London and other academic institutions. My first piece appears here: http://thebricspost.com/us-china-relations-where-to-from-here/#.UQJ54Ia3unh
Is the Chinese economy faltering? What is going on over there? I provide some insights into the rebalancing act happening in China in my latest Forbes post: http://blogs.forbes.com/annlee/
Reuters has reported that a bill about to be signed by Obama will allow existing tariffs on imported goods from China to stay in place after they were threatened by a court ruling. At a time when there seems to be little bipartisan support for anything, it is surprising that this piece of legislation enjoys popularity from both sides of the aisle. Certainly, there is a broad perception in the U.S. that China does not play by the rules, that the U.S. engages in free market capitalism while China engages in mercantilism.
Unfortunately, like all disagreements, the truth is not black and white, but shades of gray. Continue reading
The buzz around Facebook’s upcoming IPO has reached a fever pitch, and many entrepreneurs have Mark Zuckerberg envy. But however impressive Facebook’s business is, we must not confuse it with “innovation.” Too often, Facebook is cited as an example of America’s innovation, but Facebook is not the first social media site to exist. Before it was Friendster, MySpace, and many others that didn’t have the marketing savvy to give them staying power. If anything, Facebook is the poster boy for America’s supreme marketing savvy, not innovation. In my opinion, innovation is nearly dead, a sentiment that I share with a former classmate of mine named Peter Thiel. Perhaps some people take issue with that claim, but when I speak of innovation, I’m talking about the disruptive technological changes that really alter lives such as the use of electricity or the invention of the airplane. When I thumbed through the book “1001 Inventions that Changed the World,” the inventions listed in the last few decades were probably the least disruptive of the lot. I explain in greater detail in my book why I believe this is the case and offer some ideas for how to remedy it.
- 1. Invest in education.
Education is the most important foundation that the U.S. can invest in, and test scores across the country are rapidly falling behind the rest of the world. Instead of having children aspire to become reality television stars, encourage exposure to productive, high value professions. Change public attitude toward teachers to hold them in higher esteem. Continue reading