Word: smarted
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...says Vietnam needs a world-class flagship school - the equivalent of Tsinghua University in China or India's Institutes of Technology. Existing schools, he says, need autonomy to build their own curriculum and compete for students. "These kids who do make the cut and go to school are very smart," Vallely says. "They're just not getting much of an education when they get there." If that doesn't change, Vietnam may wind up cheating itself...
...weren't completely into what you were doing and you didn't think it was an important thing, then it would be irrational to spend that much time on it. Part of the reason why this is fun is because we've managed to build a team of really smart people who come from different backgrounds and have different experiences and think in different ways. People constantly try to put us in a bucket: are we trying to sell the company? What are we trying to do? What is the business strategy? People are often more interested...
...Saving for a rainy day may sound smart, but some observers say this habit could be hindering China in the long run, and disrupting global trade balances. Access to consumer debt could ease the country's dependence on exports and investments that now power China's 10% annual growth, ultimately making it more sustainable. "Mature economies are driven by consumer spending," says Nigel Lee, president of First Data's Asian operations. "Consumer credit is an important instrument in increasing domestic demand...
...Vietnam drastically needs education reform," says Adam Sitkoff, director of the American Chamber of Commerce in Vietnam. "If you want to compete in the IT sector and you want to attract high-wage, high-growth jobs, you need to have a smart, well-educated workforce...
...says Vietnam needs a world-class flagship school - the equivalent of India's Institutes of Technology or Tsinghua University in China. Existing schools, he says, need autonomy to build their own curriculum and compete for students. "These kids who do make the cut and go to school are very smart," Vallely says. "They're just not getting much of an education when they get there." And if that doesn't change, Vietnam may only be cheating itself...