American Millennials have lived through dramatic, life-altering changes since 1990, the year I was born. First came the internet. Then cell phones. Then smartphones, social media, dating apps, mobile banking, electric cars, big data, CRISPR, and so much more. Since 1990 Americans have seen U.S. per capita GDP grow by roughly 2.7 times, which sounds impressive until you realize that somebody born in China in 1990 has seen per capita GDP grow by 32 times—a whole order of magnitude greater. In 1990 China’s GDP represented less than 2% of the global total. By 2019 its share had jumped to nearly 19%.
In 1990 China had only 5.5 million cars on the road; today it has 270 million, of which 3.4 million are electric, representing 47% of the global electric fleet. In 1990 three-quarters of the country’s population was rural; today nearly two-thirds is urban, an increase of more than half a billion people.
During the past three decades per capita GDP in India has grown in a roughly linear fashion, from just over $350 to more than $2,000—whereas in China it has grown almost exponentially, from just under $350 to more than $10,000. That disparity helps explain why many Chinese will scan a QR code but many Indians will not. The point here is not that any one culture is better at innovation but, rather, that certain developmental ecosystems create naturally different attitudes toward change, adoption, and newness.
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timeasmymeasure
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Date: 2021-06-01 08:44 pm (UTC)А в эти цифры вы верите ?
American Millennials have lived through dramatic, life-altering changes since 1990, the year I was born. First came the internet. Then cell phones. Then smartphones, social media, dating apps, mobile banking, electric cars, big data, CRISPR, and so much more. Since 1990 Americans have seen U.S. per capita GDP grow by roughly 2.7 times, which sounds impressive until you realize that somebody born in China in 1990 has seen per capita GDP grow by 32 times—a whole order of magnitude greater. In 1990 China’s GDP represented less than 2% of the global total. By 2019 its share had jumped to nearly 19%.
In 1990 China had only 5.5 million cars on the road; today it has 270 million, of which 3.4 million are electric, representing 47% of the global electric fleet. In 1990 three-quarters of the country’s population was rural; today nearly two-thirds is urban, an increase of more than half a billion people.
During the past three decades per capita GDP in India has grown in a roughly linear fashion, from just over $350 to more than $2,000—whereas in China it has grown almost exponentially, from just under $350 to more than $10,000. That disparity helps explain why many Chinese will scan a QR code but many Indians will not. The point here is not that any one culture is better at innovation but, rather, that certain developmental ecosystems create naturally different attitudes toward change, adoption, and newness.
no subject
Date: 2021-06-01 08:57 pm (UTC)