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For further discussion of the issues raised in Making It, please visit the magazine website at www.makingitmagazine.net and our Twitter page, @makingitmag. Readers are encouraged to surf on over to these sites to join in the online discussion and debate about industry for development. There’s a great graphic in her book (The Entrepreneurial State: debunking public vs. private sector myths, go get a copy). It’s called ‘What makes the iphone so Smart?’ She points out that every major component in the iPhone exists only because of publicly-funded research. Yep, that means the Siri, Navstar-GPS, the multi-touch screen, signal compression, liquid-crystal display, micro hard drive, microprocessor, cellular technology, clickwheel, lithium-ion batteries, http/html, and, hey, even the Internet, were not created by entrepreneurs in Silicon Valley (who love to tell us that they are the great innovators). The public sector, the State,

call it what you will, is, in Mariana’s words “a key partner of the private sector – and often a more daring one, willing to take the risks that business isn’t.”

l Wyatt Laine, website comment

Beyond cities I enjoyed Parag Khanna’s keynote article in Making It number 18, ‘In the century of cities’. This encouraged me to find Khanna’s blog which has more insight into the development of cities across the globe (http://www.parag khanna.com). There’s much talk about China’s slowdown. Parag points out: “The most recent

forecasts from Harvard’s Atlas of Economic Complexity suggest that almost all of the top 25 fastest growing countries between 2015 and 2024 are either in Asia or Africa, with rising giant India in the lead at a projected 7% annual growth.” India is finally committing over $100 billion to major infrastructure projects, undertaking significant regulatory reforms and tripling the volumes of foreign direct investment it attracts (surpassing China in 2015), with further projected FDI growing almost another 50% in 2016 alone. Parag argues that “world trade has become far more distributed, with the new

“Silk Roads” across the greater Indian Ocean region from China to Africa delivering almost all global trade growth of the past decade.” He says that new institutions such as the Asian Infrastructure Investment Bank and the New Development Bank “will make fresh investments that further unlock the economic potential of this zone’, which comprises three-fifths of the world population, and that ‘demographic and urbanization trends should put the greater Indian Ocean region much more in the eye of global investors, from real estate to retail and beyond.”

l Jabez Darnell, website comment

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Making It: Industry for Development #21