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How much of your own capital do you invest in developing countries? > I want to distribute the talent and opportunity for success to bring up the standard of l
by throwaway6734 5y ago
How much of your own capital do you invest in developing countries?
> I want to distribute the talent and opportunity for success to bring up the standard of living globally instead of focusing all the success, opportunity and wealth in developed countries
This is assuming that talent in developing countries will be able to leverage their talent in those countries. These individuals are more than capable of sending back capital that they earn in the US if they choose to do so. Also, global standards of living continue to improve due to the advancements made in developed countries.
>Is it fair to the less talented people of a developing nation that America takes the best doctors and teachers?
The US isn't taking anything, individuals are moving to where they will be most productive.
>Doesn’t that harm the development of that nation?
Possibly? Do the developing countries that these people are coming from appreciate their talent?
- newsclues 5y agoThere are security, infrastructure and supply chain issues, absolutely, but i think it’s solvable. Pick a single country and a few cities, and run a pilot project. Take a bunch of people and train them in the USA, and send them home with a security force, and construct the basic infrastructure required and slowly expand the city with clean water, food, businesses. But by bit build a better world. Or, continue to capture the best and brightest, and ignoring the brain draining of the developing world and hope that they figure it out on their own.
- throwaway6734 5y ago>Take a bunch of people and train them in the USA, and send them home with a security force, and construct the basic infrastructure required and slowly expand the city with clean water, food, businesses. I would love to see this kind of interventionism but after Iraq this isn't politically feasible. Also I don't think most developing countries would support this. >Or, continue to capture the best and brightest, and ignoring the brain draining of the developing world and hope that they figure it out on their own. Developing countries get to leverage advances made in developed countries which also them to develop much more quickly.
- zozbot234 5y ago> Also I don't think most developing countries would support this. Honduras is betting big on it. Called a ZEDE ('Zona de Empleo y Desarrollo Económico'). https://en.wikipedia.org/wiki/Zone_for_Employment_and_Economic_Development_(Honduras) https://en.wikipedia.org/wiki/Zone_for_Employment_and_Econom...