Good reads: a 'hidden' nuclear crisis, how China sees the US, and 'Chilecon Valley'
This week's long-form good reads may change your perspective on which country is rolling out the welcome mat for foreign entrepreneurs, the 'end' of the Cuban Missile Crisis, and how China views the US.
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The writers quote Li Qun, a member of the Shandong Provincial Party Committee and a rising star in the Communist Party, as saying that America’s “real purpose is not to protect so-called human rights but to use this pretext to influence and limit China’s healthy economic growth and to prevent China’s wealth and power from threatening [their] world hegemony.”
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Correspondent
Allison Terry works on national news desk for the Christian Science Monitor. She also contributes to the culture section and Global News blog.
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Mr. Nathan and Mr. Scobell suggest that both countries must realize that there is room for two “great powers” and that their success is mutually dependent on the other’s. One tack is to create a new power equilibrium within current international governance structures, but with a larger role for China. And, they write, “Chinese strategists must come to understand that core U.S. interests – in the rule of law, regional stability, and open economic competition – do not threaten China’s security.”
The lure of ‘Chilecon Valley’
America’s immigration laws are turning away potential entrepreneurs vying to launch the next Silicon Valley start-up. But one country is rolling out the welcome mat for these wayward entrepreneurs: Chile.
The Economist describes a program in Chile aimed at bolstering new firms with promising ideas, even foreign ones. Competing with Brazil and Mexico to become the entrepreneurial hub for Latin America, Start-Up Chile gives entrepreneurs $40,000 and a one-year visa to develop their products and companies in Chile. Since its start in 2010, the program has supported almost 500 companies and 900 entrepreneurs from 37 countries. It aims to have 1,000 firms by the end of next year, costing the country $40 million.
Nicolas Shea, a Chilean businessman and former government official, had the idea for Start-Up Chile when he studied at Stanford University.
“‘I saw smart people being kicked out of the United States because they couldn’t get visas to stay,’ he says, ‘And I thought: why not bring some of them to Chile?’”
Copying the success of Silicon Valley is more challenging for a country like Chile, particularly given its harsh bankruptcy laws and conservative bureaucracy. Chile also lacks private venture capitalists willing to support new companies. But the Chilean official who oversees Start-Up Chile argues that with the right regulatory changes “Chile can become the region’s Singapore, which has prospered by welcoming foreign talent and providing businesses with a stable, well-regulated base for their operations throughout Asia.”
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