Sunday, June 05, 2011

New Fareed Zakaria Special - Restoring The American Dream: How To Innovate

CNN Domestic will tonight debut a new Fareed Zakaria special. Details from CNN are below.

CNN Press Release: Fareed Zakaria Talks to America’s Top Innovators About the Best Way Forward in New Primetime Special

Restoring the American Dream: How to Innovate – A FAREED ZAKARIA GPS Special debuts Sunday and is featured in TIME magazine

In 2011, for the first time in history, China is on track to outpace the United States in patent filings. From the political right to the political left, nearly everyone agrees that innovation is key to American job growth. CNN and TIME magazine’s Fareed Zakaria interviews America’s top innovation experts for their best ideas on how to fuel creativity and the U.S. economic recovery for a new special, CNN Presents: Restoring the American Dream: How to Innovate, debuting Sunday, June 5 at 8:00p.m. and 11:00p.m. ET/PT. Fareed Zakaria’s TIME magazine story, “Innovate Better” is featured in the June 13th issue, currently on newsstands.

But just what is “innovation” and who is good at it? If America is falling behind, how can the U.S. rebound? Should government or the private sector take the lead? And, who are the winners and losers if America can get back to innovating?

To answer these questions, @FareedZakaria speaks with:
  • Silicon Valley venture capitalist Len Baker, who has grown businesses such as Shutterfly®, FaceTime® software, Openwave, and pharmaceutical and medical device companies.
  • Dr. Regina Dugan, Director of the Defense Advanced Research Projects Agency (DARPA), the federal agency that developed GPS technology – and over 40 years ago, the development of the internet.
  • Steven Johnson, author of Where Good Ideas Come From: The Natural History of Innovation
  • Innovation strategist and author of Innovation Nation, Dr. John Kao
  • Google, Inc. executive chairman, Eric Schmidt
  • Paul Romer, economist and visiting professor at New York University's Stern School of Business.
Zakaria points out that China and South Korea have the world’s fastest-growing economies and are leveraging heavy government investment to promote innovation and infrastructure development. Dr. Kao warns that America may be in danger of leaving some American workers behind and “becoming a nation of innovation haves and have-nots,” since jobs leveraging new technologies and science will follow the availability of a skilled labor force.

Schmidt strikes a note of optimism: he feels there are industries that are likely to be “born in America” first – including innovations in plastics that move in response to human touch, and innovations in nanotechnology, the engineering science of very small things. “This research was done in American universities,” Schmidt says, “the manufacturing plants for that need to be where the research is done.”

The special replays Saturday, June 11 at 8:00p.m. and 11:00p.m. ET/PT. For more on Fareed Zakaria’s insights on innovation and the economy, please visit:

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Blogger Rao Shahan said...


In your article in TIME of June 13, you said that there is no good fix on innovation and we know it only when we see it.

While we discuss innovation, the most common field is considered to be that of ‘technology’. But I think there is another field of innovation as well for America , and that is the field of ‘services’ commensurate with American capacity and the needs of the future world. This can be called as the ‘services for provision of governance’. The idea can, admittedly, be termed too wild or an overestimation of American capabilities, yet I am writing it to you.

The population of this world is now more than six billion, and is on the rise. Majority of this population lives in under developed countries. These countries are under developed, primarily, because they suffer from ‘bad governance’, the main ingredients being: absence of rule of law, corruption, no freedom of speech, lack of merit etc. Resultantly, a number of people from these under developed or poorly governed countries aspire to migrate to better world, particularly to US.

It is obviously not possible for US, or for other developed countries, to accommodate these aspirants. So, what to do?

One possible way is that America can choose (through purchasing , leasing etc.) some places in the world for building and governing city states like, say of the size of Singapore. In these international cities, US can provide a better governance and administration, with the required security, justice, rule of law, freedom of speech etc., the components of good governance, lacking in the underdeveloped countries. US can then allow people from across the world, along with their education, skills and investment, to migrate to these city states.

What will both sides get out of this? The migrants, a better life, and in return, the US, huge amount of taxes and increased influence.

11:48 AM  

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