Salient to Investors:
- Fareed Zakaria said the IMF says India and China were similar sized in the 1980s yet China has gone from 2% of global GDP to 16% in three decades. Zakaria said India is poor, has a young, vibrant population and an extraordinary private sector, but over-regulation strangles growth. The World Economic Forum ranks India 71st and China 28th. In business, the World Bank ranks India 134th and China 96th.
- Bill Clinton said that while the world headlines are bad, the trend lines are good: extreme poverty is down, health care is improving dramatically, and for the first time in more than a decade, 40 percent of the new jobs the last few months have been in higher wage categories. Clinton said that E.O. Wilson found that the most successful species on Earth are ants, termites, bees, and people, and the reason is they are the greatest co-operators.
Watch the video at http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/ or read the full transcript