by ToastyKen
Hope: Globalization’s Dividend
[Via Daily Ideafeed | Big Think]
One of the most overused words in public life is “hope”, up there with “change”. Yet it matters enormously. Politicians pay close attention to right-track/wrong-track indicators. Confidence determines whether consumers spend, and so whether companies invest. The “power of positive thinking”, as Norman Vincent Peale pointed out, is enormous. … Now hope is on the move. According to the Pew Research Centre, some 87% of Chinese, 50% of Brazilians and 45% of Indians think their country is going in the right direction, whereas 31% of Britons, 30% of Americans and 26% of the French do.
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Hard to argue with this:
For most of its history America has kept its promise to give its citizens a good chance of living better than their parents. But these days, less than half of Americans think their children’s living standards will be better than theirs. Experience has made them gloomy: the income of the median worker has been more or less stagnant since the mid-1970s, and, thanks to a combination of failing schools and disappearing mid-level jobs, social mobility in America is now among the lowest in the rich world.
While this is what other parts of the world are seeing:
In the emerging world, meanwhile, they are not arguing about pensions, but building colleges. China’s university population has quadrupled in the past two decades. UNESCO notes that the proportion of scientific researchers based in the developing world increased from 30% in 2002 to 38% in 2007. World-class companies such as India’s Infosys and China’s Huawei are beating developed-country competitors.
The rise of positive thinking in the emerging world is something to be welcomed—not least because it challenges the status quo. Nandan Nilekani of Infosys says that his company’s greatest achievement lies not in producing technology but in redefining the boundaries of the possible. If people in other countries take those ideas seriously, they will make life uncomfortable for gerontocrats in China and Arabia.
The question is whether we will wallow in our dark mood or look to emulate our younger, more optimistic neighbors. AT the moment, way too many Americans seem to focus on wallowing.
But I am optimistic that the positive attitude will return soon.

