Books, Please - NOT Oil

Here's a fantastic article written by Thomas L. Friedman in The New York Times. It is one of those articles that EVERYONE should read. :-)

Pass the Books, Hold the Oil by Thomas L. Friedman


EVERY so often someone asks me: “What’s your favorite country, other than your own?”

I’ve always had the same answer: Taiwan. “Taiwan? Why Taiwan?” people ask.

Very simple: Because Taiwan is a barren rock in a typhoon-laden sea with no natural resources to live off of — it even has to import sand and gravel from China for construction — yet it has the fourth-largest financial reserves in the world. Because rather than digging in the ground and mining whatever comes up, Taiwan has mined its 23 million people, their talent, energy and intelligence — men and women. I always tell my friends in Taiwan: “You’re the luckiest people in the world. How did you get so lucky? You have no oil, no iron ore, no forests, no diamonds, no gold, just a few small deposits of coal and natural gas — and because of that you developed the habits and culture of honing your people’s skills, which turns out to be the most valuable and only truly renewable resource in the world today. How did you get so lucky?”

That, at least, was my gut instinct. But now we have proof.

A team from the Organization for Economic Cooperation and Development, or O.E.C.D., has just come out with a fascinating little study mapping the correlation between performance on the Program for International Student Assessment, or PISA, exam — which every two years tests math, science and reading comprehension skills of 15-year-olds in 65 countries — and the total earnings on natural resources as a percentage of G.D.P. for each participating country. In short, how well do your high school kids do on math compared with how much oil you pump or how many diamonds you dig?

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Thomas L. Friedman won the 2002 Pulitzer Prize for commentary, his third Pulitzer for The New York Times. He became the paper’s foreign-affairs Op-Ed columnist in 1995. Previously, he served as chief economic correspondent in the Washington bureau and before that he was the chief White House correspondent. In 2005, Mr. Friedman was elected as a member of the Pulitzer Prize Board.

Mr. Friedman joined The Times in 1981 and was appointed Beirut bureau chief in 1982. In 1984 Mr. Friedman was transferred from Beirut to Jerusalem, where he served as Israel bureau chief until 1988. Mr. Friedman was awarded the 1983 Pulitzer Prize for international reporting (from Lebanon) and the 1988 Pulitzer Prize for international reporting (from Israel).

Mr. Friedman is the author of “From Beirut to Jerusalem,” which won both the National Book Award and the Overseas Press Club Award in 1989. “The Lexus and the Olive Tree” was the winner of the 2000 Overseas Press Club Award for best non-fiction book on foreign policy. His 2002 book “Longitudes and Attitudes: Exploring the World After September 11” consists of columns he published about the attacks. “The World is Flat: A Brief History of the Twenty-first Century,” issued in April 2005 and updated in 2006 and 2007, received the inaugural Goldman Sachs/Financial Times Business Book of the Year Award.

“Hot, Flat, and Crowded” was published in 2008, and a paperback edition was issued a year later. His sixth and most recent book, “That Used to Be Us: How American Fell Behind in the World We Invented and How We Can Come Back,” co-written with Michael Mandelbaum, was released in September 2011.

Born in Minneapolis on July 20, 1953, Mr. Friedman received a B.A. degree in Mediterranean studies from Brandeis University in 1975. In 1978 he received a Master of Philosophy degree in Modern Middle East studies from Oxford. Mr. Friedman is married and has two daughters.