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tv   Book Discussion on The Smartest Places on Earth  CSPAN  May 5, 2016 4:14am-5:41am EDT

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and europe revitalized their economy when manufacturing jobs moved overseas. this is an hour and 20 minutes. >> morning, everyone. hoping you are well. i am delighted to be here. this is being web cast and we will be taking questions later and they can cstart coming in
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now. it is my privilege to kick off the very a suspicious. this new book, "the smartest places on earth," is just out and if i say so you should all rush to pick out a copy and i think we have come out beyond the back. on the way out, please do that. also, it finds two experienced economic observers focusing not on the standards of the usual spin cycle but some of us think
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at brookings there are elements of national wellbeing. ... i find this a welcome corrective to the disembodied economic debates we specialize on here in washington. yet none of this gets at the most auspicious aspect, the fact that antoine and fred have actual good news to
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deliver, imagine that. good news. i think it is absolutely true, thoughtful, subtle brand of good news. at a moment when many commentators have surveyed the global scenic included america or its industrial tier is done, and tuan and fred are here to flip the narrative. conventional wisdom seems declined, and tuan and fred c reinvention being driven by specialized rust belt cities increased focus on high technology. and tuan and fred chronicle the reemergence of the center of polymer research and were visiting helplessness fred anand one of the imagining a reinvention playbook in which transitioning regions of turned local universities and the open innovation hubs
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and business of appliances have built promising new industrial strategies. they have traveled america and europe and return the optimistic view that dozens of all places of becoming launch pads for the new. this is a welcome counter to a scary decline is him that is now dominating the presidential campaign, for example. indeed, this is especially noteworthy. while working at the world bank in 1981: the term emerging markets and in a previous book to clear the onset of the emerging market it was not the beginning of the american century. so with that ii would like to introduce her to esteemed authors write -- moderated
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by my colleagues. you'll meet him shortly. a brookings trustee as senior advisor of the public policy advisory firm. until recently the principal founder and ceo emerging markets management and investment firm. a supporter both the metro program an office of centennial scholar. for his part he was a prominent european journalist specializing in monetary financial affairs with a prominent outlook of the financial times of
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holland. he lives in the wonderful city of amsterdam, but enough. let's here from antoine. [applause] >> well, thank you for that introduction. let me start by saying that we could not have written this book without brookings. brookings not only helped us prepare the presentation to get to this forum, but for the past couple of years was influential in our thinking. brookings and i'm talking about bruce, amy, mark really did the task breaking work on all of this. and there has been very good work, and we have been
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standing on your shoulders in making this possible. thank you for that very much. now, when you listen, when you listen to the -- to some of the political candidates on the left and on the right , don't you get depressed? i mean,, when you listen, it sounds like this country has run out of steam on innovation and our best times are behind us and that all we have is problems. as mike already said, slowly found. let me start, if you look in the rearview mirror things look bleak. employment down, although
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people don't write about the fact that there are 2 million jobs now in high-tech industries and 4 million jobs were created during this exact period. then as good as you can see that line at the end, it's starting to reverse. and it was not just competition from my emerging markets. it was also doing things more productively and it is the devastating impact of this. this bad news we found is not the whole story, and the book really started when i went over to asia, and fred and his travels had similar experience. i went to asia meeting with many, and i have been doing this for many years, many
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ceos, and what do i hear? i hear them complain about american competition. i have not heard that in 30 years. and why were they complaining? labor costs were going out, offshore gas was cheap, but they could not keep up. american innovation. and so, we ask the district in which we visited a dozen cities all over northern europe and particularly the us -- and there is my daughter -- we came to a very different conclusion, the american and northern european companies are not on the decline, no.
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they are in fact regaining competitiveness. why there is a new paradigm, for the last 25 years we have been trying to complete -- compete on the basis of making things as cheap as possible. we have learned it is much better to compete on making things as smart as possible, and here we are good. great universities. they have this freedom of thinking that promotes, thinking out of the box that is the basis for all real innovation. and so smart innovation is beginning to replace cheap labor as the key competitive edge.
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now, the 1st is what we call sharing green power. what is that? this is collaboration among university departments but also among universities that are climbing out of their ivory towers and in small startups and all legacy businesses, and we have seen this all over the country. what is it mean? well, in the past, things were done on a very hierarchical basis, not very efficient. we learned this from what i call the whippersnappers in silicon valley. we have learned to do things in a collegial way. it is no longer closed innovation, kind of your own frame, but open innovation.
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it is no longer silent, no. today's problems require multidisciplinary solutions. one of the trustees of brookings taught me an important lesson. i went to see shirley jackson, the president of rennes where polytechnic, and she said nothing is being invented anymore with an academic in part -- academic departments. an important lesson. it is no longer top-down, top-down, it is bottom up. it is no longer alone in your garage and collaborative. finally, it is no longer done an isolated research centers of corporations with the government. it is done in vibrant urban innovation district. that is where young researchers like to work, as we have seen. that is one pillar.
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the 2nd pillar is, we are creating a whole new branch of economy. we have this old industrial expertise of the base. now we have added new production methods, new materials, new, new discoveries, and on top of that we combine this, we integrate with the stuff we are good at, information technology, wireless information technology, and the ability -- and we did not have that ability before , to use big data and analyze big data to help us, and all that is connected through a tiny little chip, the sensor. now, that makes various things possible that were not possible before. the future is all about connecting and connectedness.
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take the self driving car. this will be a revolution and transportation. what? my picture here disappeared. the self driving car. wearable devices. this will be incredibly important to the future of healthcare. you will where them and can ingest them. the smart grid, smart farming death. all of this is now possible and was not possible before. this is the smart economy, the combination of physical and digital economy. now, you might think okay, this is nice.
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they have lost all these industries. we now have knew production methods. mit with the 2nd generation. from north carolina who invented a way to make 3 d printing a thousand times plus faster so that it can be used in production. all of this will make it possible to bring back industries like socks, shirts, shoes. he said we are already making shoes with robots. so this is one thing. the other, the really interesting thing we found is that the innovation that
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we talked about, this collaborative innovation is no longer limited to places like silicon valley in cambridge. it is spread all around the country, to be exact more than 30 brain belts. the meals for that was one example. you have heard of background. one of the smartest places on earth? maybe not. what did we find? for old tire companies gone practically overnight. that is the loss of a lot of jobs. a life-threatening challenge, and all of what we see is based on a life-threatening challenge. and yet the 2nd element that you find everywhere,
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the connector. because they had no other choice. and what stayed in akron, what did not disappear was the world-class polymer research that has given us things like contact lenses that change color when you have diabetes, tires that can drive on all kind of road conditions, and i can give you hundreds more inventions. they now have a thousand little polymer companies that have more people working for them them before old tire companies. that is what, i mean, by changes. and so you have a life-threatening situation. universities.
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it is always university centers. the spells that are becoming brain belts have universities with world-class research. they are dealing with the problems of our century. no longer simple. complex challenges that require multidisciplinary approaches. there is anthere is an openness forced by reality and necessity to share brainpower. they have a connector command i have an infrastructure that attracts and retains in the infrastructure includes affordable housing. that is why people move from silicon valley to other places. so and finally, of course, you need access to capitol. these are the key characteristics. we have albany, new york. just outside, the nanotechnology complex and leadership, a former
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christian militia fighter from lebanon, by the way, who became a great physicist. they are at the forefront of semi conductor research. global foundries with thousands of employees. here you see a machine. i was in that clean room with the white hat on. that machine costs a billion dollars. it is the most modern machine to make semi conductors in albany, new york. the research triangle. let me tell you a story on the sidelines, the old factory, no more cigarettes being made. now it is an incubator, and a very lively place. portland, oregon, the old waterfront, brought together the university with intel i was already there and together they could do things they could not do
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alone. and now you have basically the university brought back from the mountain to the city with tramways and to make my dutch heart warm bicycles. so, from my pulse to the world smartest cities, old phillips, and now you have the technical university of became an open innovation platform. we will talk about the later. so, over 3030 places from all over the world, two thirds of the former rust belt's, and in europe 50 of them, and we described and detailed ten in our book. building on forgotten strengths. now, we could not be of brookings without policy recommendations.
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so let's go through them. i will talk about two, but there are much more. we have a 21st century economy. we are measuring it with 20th century statistics. we are miss measuring our productivity. google map or google search, we have to find a better way to do this. second point is terribly important. why is all this anger in this country? people cannot find jobs after they lose them in this new world. we have to develop programs of training for jobs that are based, i think, on a really good model, which is the german work-study model. it is a great model. we have to reward sharing brainpower, support and
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build innovation districts, build political support for more research. the united states does two thirds of the research in the world, but we have to keep doing it. finally, venture capitalists should have the leeway not to make profits the next day , but more leeway to invest for the longer term. so in conclusion, as you can see, fred and i are optimistic. we think that the united states, northern europe, it's a very good future. innovation is not dead. competitiveness is not dead. in fact all we are regaining it. maybe the best way to sum it up, it is no longer winter in america. spring is coming back. thank you. [applause]
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>> i am bruce katz from brookings. i am just playing around. an absolute pleasure to moderate this panel, an absolute pleasure in this season of despair to be optimistic about the future of our country. and the future of many similarly situated cities in europe. you know, fred and antoine have done all of us a great service. it takes to dutchman to come to america and drawing this what we have. so very, very helpful.
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we have two other people on this panel that i think i will just give a brief introduction. they are two of the top economic development thinkers and practitioners in the united states. rebecca bagley is by shasta for economic partnership with the university of pittsburgh. she takes all of us on a tour last week. if you want to feel optimistic about america, go on a tour with rebecca. prior to that she worked in ohio. i may have a question about that. and then head of the research triangle, the iconic science part in the united states and prior to that he worked in clemson and north carolina state. state. these folks are really at the cutting edge, and i want to start with that. to get trip to the
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netherlands. take a trip to the netherlands. have never heard of eindhoven for. we had a remarkable day where we saw charles story, lost tens of thousands of jobs but in about 15 years this is a city that is basically one of the most innovative in the world. phillips announced they
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would ship there manufacturing. in the same year the dump trucks went broke. phillips was a phenomenon in holland. we are critical. there was a trauma for that region. there were people who stood out, and they thought of very ambitious plan.
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a specific item building high-tech machinery. but how do we do it? technology is too complex. you have to collaborate. and but and sharing brainpower you need collegial teams. the problem at that time because the companies in the city and its nearby communities were also i load , closed. and if you want to build those multidisciplinary teams have to break them also, and there is not one connection.
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the open it up and did something more. booked his own research. "facilities the technical
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university and so with the information involved though colloquial that was able to break through the silos inside the universities. the 1st of mistaken by the mayor of eindhoven because it was not eindhoven alone anymore that there were 21 other communities are
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companies are doing the research the side of the mayor would be pressing. one other thing that was remarkable that we didn't see, that took place in the supply chain, all those little companies
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headquartered in that region it was the initiative early this century task, semi conductor machinery maker, the world leading now after they have been companies like nikon and canon, but they asked their suppliers over earlier this century still delivering the components on strict prescriptions from personnel and as those companies to put their r&d and those components. so that they changed this into a value chain. but let me --
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>> the questions. >> let me changeup. >> you and i were an eindhoven. at the end of the day we drove back to the airport, a simple airport. this is the story of the dutchman. what can you tell me, what you remember of the ceiling when you left the city and drove with me to the airport? >> well, i will tell you two things. on the way and eindhoven, i thought you are not. [laughter] >> you are not the only one. [laughter] >> this is a city,a city, how many people in the room have heard of eindhoven? [laughter] my god, that is because you read the book. the city that fred is
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describing, amsterdam is the airport, rotterdam is the seaport. by the end of the day i have to say what was the biggest take away was we went to see the mayor, want to see the head of the business chamber , the top investor, the technical institute, the high-tech campus, and everyone was almost completing each other sentences. and it was almost scary. it was almost like a stepford wife kind of moment with everyone saying literally the same thing, unified narrative and vision. the many parts of the us comeau one of these actors and then they will tell you, zero, you see so-and-so. the biggest surprise to me was what you now call
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sharing brainpower but in almost a frightening way. how much the consistency of focus and vision in the high-tech campus that we now know in 2014 has 50 percent of the patents in netherlands. the synergy and open innovation is working. that's what my main take away was. and one, you coined the term emerging markets. you must be receiving a lot of e-mails and phone calls from some of your former colleagues. what happened? describe the transformation. >> what i always say is, i quote pat moynihan who said, we are all entitled to our
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opinions. we are not entitled to our own facts. i still think we live in the emerging market century because the center of gravity of the global economy continues to go toward the emerging markets will no longer the american but the emerging consumer. tested the same. i have a 3rd point in my book, competitiveness is shifting to the emerging market. that is where i changed my mind because actually competitiveness, as i told you earlier, is shifting back. yes, some people don't like it, but facts are facts. i am an analyst, like you. you call it as you see it. >> this is another question, in terms of the perspective, both in the netherlands and in other parts of europe. i mean,, you are an observer of the american political scene. to what extent do you feel
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that either local policymakers national policymakers, broader sort of networks of civic, university, and business leaders accept this either in the netherlands or some other sister country. >> it depends upon the parties you look at. the established parties understand it and see the challenges. our whole social system is silos. one of the main conclusions for me is that the situation we describe as a bottom-up development.
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change that politically. they find that development. there politicians who are -- to put their finger on it, the future in which we can go back and closer borders and become -- we are in the process of uniting in the eu
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, and people think of the old days we have a sovereign government, the deutsche mark in the french franc another euro, and people are lost. there not yet a new identity and are looking for a new identity, and the growing group is thinking that turning back to the old days as the solution. i completely disagree. i want to add, i live in washington. and you here everybody --dash washington and describe the process is one that is bottom-up. people are not waiting for washington anymore, but -- and this is a secret, the
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environment that makes all of this possible was created by washington. 1980, you can take research that is funded by the federal government and universities and researchers can use this and profit from it. well, they did. and that is what made silicon valley possible. where did google come from? you know, how do we get to the moon, by an earlier form of collaboration. the government is a part of it, and do is the most innovative venture capitalist in the united states. it's darpa. darpa has competition that allows stanford to participate and then google bought the whole team.
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so you your this collaboration often by buying and stealing and then collaborating, but places like darpa and ink you tell are important. this axis of absolutely critical importance. >> i want to come back to that. if you listen to antoine and fred in the words they use, connection, connectors, connectedness, brain sharing , and many respects the institutionsinstitutions you work at now are almost an antithesis of this. a group of isolated companies have 7,000 acres of forest. and you pnc and carnegie mellon, and old academic tradition. the discipline. so is this shift to open
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innovation and collaboration happening in your institutions? how is it manifesting itself? >> yes. i think it is interesting because the connected network really happened back in the industrial time when steel was large. so there was 15 or 20 guys they gotten around and decided with the critical things to the community work. they were in competition, competition, but when they came to pittsburgh it was important to collaborate. one of the big changes is the complexity of the economy, which is a good thing. it has created the need to really look at connectedness and look at opportunities differently.
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one of the things that take did did was with the economy falling apart overnight, they have the foresight to bring together the university leadership, the government, the industry altogether instead of just working the industry or one sector. and so they really reinvented the economy. now i think we are an accelerated place of transformation, and it's a moment in time where our connectors lower sort of networks are shifting dramatically really over the last year and a half where we are seeing an influx of young people. google has the most people outside of silicon valley located in pittsburgh.
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clear autonomous vehicle work there. there was an explosion of companies moving in, neighborhoods pushing out casa places you cannot go ten years ago have the dynamic technology have and anton, what it used to be like and what it is, ii think we have broken down some of those areas and rn and accelerated transformation stage. i really think the universities have a critical role in that. ms. 1.2 billion and research. you cannot keep that inside. we are globally connected. global influence and connections.
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>> like rebecca said, it was a deliberate decision, very deliberate public policy decision to develop the research side. it was described at the time as very audacious because not only will we 49th out of the 50 states, but we did not have any comparison. stanford research park was only a couple years old only opened rtp, but there was a deliberate and conscious agreement with the government would fund infrastructure and education the private sector would be the foundation. have always operated as a private not-for-profit and lift up the people. and then the universities were basically instructed to
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educated workforce. and what we are seeing today where we created energy, it is a shifting away from that top-down or more directed approach to one that is wildly more organic, and it is hard for people to let go of that in some way. and i think we are beginning to see that in rtp itself. we are taking a site about half the size of manhattan. only 7,000-acre site in the world, were opening it up for wild interpretation and
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letting the actors create their own play. that is becoming very exciting. it is innovative in terms of changing the old model, very disruptive in creating a great opportunity for amazing convergence. and not a bio park or and i like park comeau we have all those technologies. 60 percent of the companies have tony employees or less. you have this great big pot of things going on, 90 start connecting them with convergence opportunities that are huge. so it really is letting go of that older structure and letting it be much more organic. >> to follow up on that point, it seems like as we move toward open innovation space which requires
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collaboration requires people to really engage seamlessly with each other we are reinforcing invalidating cities in a way , proximity, density, migrant cecum authenticity. i was in pittsburgh last week and could see the whole part of the neighborhood and beyond really beginning to change from fortress you pit tech carnegie mellon to unc to something that looks like a city. you have a much bigger challenge. how do you think about place making? >> so we are putting a hole in the doughnut. we have got -- >> we're going to get a tweet from chapel hill. >> they are proud of that village.
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but we are this: the doughnut. we have this dynamic, growing regional around us. so last week the future of suburbia in the whole conversation is we love what's happening in our cities. the cities were dead 30 or 40 years ago. the reason why it was successful was a rule was leaving the city. we can't let the city stop. there are three things going on. you have a lot of suburbs, but there you have a tremendous amount of culture around wild risk-taking.
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it's okay to fail and start over. one of my favorite places i visited was the imagine years studios for walt disney. highly innovative, but what drives them is brand. people who work for disney would have worked for disney, no matter where it was. you have to think about what it is that you can embrace, your brand, your urbanity, your culture, so whether it is suburban our urban, ultimately you have to embrace what is true and authentic and genuine to you and celebrate that. and i think place making is important, but it is not important devoid of people. respond with the people want
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, give them a chance to shape and own, and you would be amazed what would happen which is something we can do in america that is not as easy and other cultures in the world. that is where optimism lies. the sense of freedom and exploration in the dynamic nature that is part capitalism in part democracy are things that cannot be duplicated that have strong economies that are not necessarily the most innovative. >> we have done it before. fantastic meshing and really friction of brainpower. and how do we get the jet engine? how did we get to the moon? it is always through this collaboration. we forgot about collaboration.
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if we make the focus as you are doing now on real change , it is making a change. >> one of the things to, relationships and transactions. you know, relationships that you get through the synergy in the work and building on relationships, but there are things you can do transaction only. an example of someone give up the meeting, if i needed a prescription i used to call the dr. and now i go and upn see an e-mail any doctor and they will rightly the prescription within my medical plan. he did not have to use that relationship anymore. i also think that an overlay is not necessarily top-down, but one of the systems you
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are putting over to enable that only the regional or the place making but the global connectivity, and so we need to not only think about the problem of spaces but how you create the system to scale. >> will visit upn see. it is not for the faint of heart. i am still recovering. i was going to ask a question. the statement. the director state government. >> one last question.
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all this innovation and collaboration and openness for broader segment of the cities, employment of jobs, particularly in the core cities because if we go to most of these innovation of's block by block your in an area of high poverty, high deprivation. this connections being made, to have the right tool, system? >> there is a series of exciting policy opportunities around that because i think that in fact the hardest thing for universities and's studies in traditional people doing economic development is how to measure it because it is organic and dynamic, and most of these institutions not only get rewarded based upon a more specific set of data points. one of the things
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institutionally, how do you begin to evaluate whether or not you are seeing success out of that? that is a set of policy questions, i think. we have looked at economic development as event oriented and structured around the singular event, the 4500 new jobs. the economy is far more dynamic. we will see companies grow includes employment which is not necessarily say anything about the place you live. economic development is less of a specific events and more about a long-term process. how you react to those pieces in the policies both in cities and universities and government to take advantage of the process oriented --
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>> clearly the answer to your question is not yet. i mean,, clearly a lot of people feel left behind. and they have good reason to feel left behind. there is this -- we are no longer an era of job losses. that is the past. that is the rearview mirror. because just as we lost 7 million jobs, we created 4.4 million. brookings research is shown, these are not just jobs for phd's in college graduates, although that employment has grown. half of those jobs are for people with post secondary skills. the problem is those who have less than post secondary. we need to activate the community colleges to go
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back to what they were founded for, not get you into college. if you can, fine. but work together with corporations and the government and finally for those left behind in the end this is not an economic issue. this requires a political solution. do we as a country have the guts and the sense of solidarity to do that? which is very much an open question. >> and economic development, rising tides lifts all boats for many years. there has been a recognition that i think is still evolving and changing. it is certainly lifted.
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dedicated strategies. you can connect to the new economy. a lot of the work i have done, we are leveraging the work, we have a social work program, they are all working in the communities, connecting net, leveraging it, and bringing opportunities for the economy where appropriate, that is an incredible ways university that we can tie that in. working with the people that are already working in those neighborhoods to figure out how to force development, what i would need educating parents so that they are counseling our children in a way that leads toward opportunities in the economy. those are some of the things we have been working on. there is definitely recognition that rising tide
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does not necessarily lift all boats. >> to add something about solidarity, that is a big difference between the united states and europe. in europe at this point local communities, companies have set up programs, work-study programs which is more part of our culture and obstruction. that doesn't mean that people are not feeling left out. so we have to put a lot of things. that is an important middle-class group that is needed and that must not be left. >> just strikes me building
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and what antoine said, as we look at the innovation hubs in the us, latin america, asia, they are not just platforms for economic technological product. what we see happening is social innovation. community colleges are co- locating. they are opening. pre- k opportunities for people in the community. it's a much more substantial social effort going on than is well understood. the early end of that. there going to open it up, start over here. state your name and then provide a question, not a statement. there are folks on the twitter sphere who may want to send their thoughts as well.
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>> thank you. rick rybak. thank you very much. question, as i understand it, the collapse of our manufacturing industry really cause land values to collapse. and impart this created an opportunity for cheap rent. to what extent now that the innovation economy is taking off, to what extent is there a danger that land speculators will move in, jack up rent, and kill the goose that lays the golden egg. >> that is interesting. we have rising housing costs pittsburgh, and i do think, as someone said earlier, affordable housing will be a key element to making sure that it is sustainable. we still have a lot of opportunity to work in the
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certain neighborhoods and housing situations that i think could be both affordable and help with this going on in the neighborhood, but a lot of the neighborhoods have been developed,developed, but there is a lot more development that needs to happen. it's a very high cost problems that have 1st aid has been in decline. that's. the point where we are going to have to have a problem really soon. ..
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>> >> we beckoned back all the entry resume believers we make it completely open. file will say to people in the real-estate business keep a flexible and affordable so we opened it up. we did things in the lobby but it is completely full 3,000 people have used over the last year completely open to anybody there is no membership dirty thing. said teachers mix with artist we have of bogor and
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a shared newsroom property for the freelancers it has become one of the hottest komer working spaces. doesn't take anything away from the urban banalities buildings in the suburbs now to think of recycling them. those of these are located in i was i think is a fascinating chalnge because it is always transportation. >> coming from a very small country i am impressed by how vast the spaces are in
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then first you fix and then worry what can go wrong. >> was with 138 square miles. with midtown and detroit we had so much. [laughter] congratulations to you could the author's intent with the job mismatch have a new villain the blanks besides affordable housing?
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and also i would love it if you address places like portland indigene half fifth flipper for -- a handmade for and with all the other demographics they have described today. they better hurry up. >> portland first of all,. >> and i ask the bombing -- maine. >> and not know enough about the but if you turn every town into a green belt. so there is lots of work to be done in different places but to know we basically we go where things are happening to spots up at 30 spots is a very big change.
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selfie talk about the mississippi state university also a limit to ariels to see this will spread and spread. >> in north carolina we have a world economy that is struggling since there is no way it does succeed -- the success of this can carry the whole state. one of the things that we talk about is they are tremendous the public university system has an obligation and it doesn't have to be physical the universities and would love to do more connection.
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uc don't want to do that it is 50 years old but leverage your own assets. where they start to look like everyplace else is what defines the character of your location? that every entrepreneur wants to live downtown someone's to live and the small town someone to be better connected to the world but brookings and other policy places can help provide the tools to small communities of things to strive for water the measures many read those types of metrics we will not get to everybody but we can make a difference for some.
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>> one of the examples about leveraging but overland test and interesting job of course, they have a strong university but really they have leverage their reputation on sustainability into a entrepreneurial entrepreneurial, working space that is sustainable, a focus so that may be a model to look at. >> and the portland is one of the greatest communities in the united states. but it does not have a state government literally. [laughter] >> great panel. when i think about us a geographic features of the rust belt is inland with the
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access to fresh water so what do you speak they can leverage their resilience to compete now end in the future with the coast and the sunbelt? >> as a huge opportunity opportunity, did start the cleveland water alliance there is a pact for the great lakes states with climate changes in climate issues so it is a huge manufacturing region really need to figure out how to bring them together that is the bread and butter of the region's in what you can take a vintage of the assets of freshwater and other
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assets that we have and the other saying is that would revamp lived near cleveland it is cool so they started the movement about the industrial look of the renovated space is but they could never capture that. >> we are nowhere near the ocean but one of the things is organic food and natural growth and how we take better vantage within the research all the green grass can determine a the garden spaces in the food that goes
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into the restaurant's? so there is whole series of a lot of regulatory issues but to be that flexible to do that to make it possible to be more creative period imaginative. >> we should have subtitled the book. >> but i do have some twitter questions. >> this is the question will the new jobs approach the number of lost? >> we have done more research on this but will
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it? has set no it takes time. we did a lot of damage but as i said but there are ted million high-tech jobs. that is a lot of jobs there is a lot of anecdotal examples with portland oregon for example,. go to one of the renovated places those that were gone or empty. but now small companies said everybody is sharing.
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bed is the kind of thing but it takes time. >> talk about the elephant in the room. does this change our relationship with china? it is very interesting and how this is beginning to revolve. now the new collaborative relationship. >> into have a deep history into sturt the medical school. so anyone time 2440 medical students on our campus so
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that created the opportunity of that commercialization of just a few months ago and with the transfer of this to be able with those opportunities through the life sciences read those where that consumers are. so also the chinese companies so there is of lot of synergy to create this bio health connection. so that a relationship that you can much for to have the
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connected role in the community can help us leverage. >> you don't count down the old the economy's is a really important country for the future it will remain so. when we published our book at the frankfurt book fair to say i have never seen this on the first day the book was bought for translation it was a dutch but the chinese they had been the manufacturing center of the world they know deep down the there are they're very good and much better than we are to think inside the box with a bit of
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the of glass ceiling and i have seen that transformation they will catch on fast the. >> faq very much for a great presentation i thank you did mention the current issue of "the economist" magazine talks about pioneering driverless cars. also with the biotechnology so what does this competition offer to the rust belt center? to make this ships all the time. i read that article and they
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will develop that expertise so the 10 years gives you a head start so when it comes to smart products to the united states in the european places to have been enormous head start the cut is of the sharing of the brain power but what we sometimes forget is the political revolution is noisy and bloody they cannot creep up on you. so what we're seeing is the economic revolution just think how you learn to live with your smart phone in how we do not look up something in a book is in your pocket. it just happened it you didn't even notice it.
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it is a revolution. >> you have people say all the time what about china or boston or silicon valley? >> teddy roosevelt said it best you can sit around and obsess about that but just get on with it. make a difference did work with people make things happen i emigrate optimist and i just believe to have faith in your investments just get on with that. >> on the affirmative note in rebecca was part of the network to come up with this
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policy enable the fictional program. >> for economic prosperity for a the university research that could get those things out with injury the -- intermediary organizations in the battleground states it was ready to present it then interestingly what we tried was the gasoline tax said
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they would pay that to fund increased research and development so allegis done by the agency's or the methodology so it is an incredible opportunity to leverage the advocacy council with that polling data into those conversations and we have been talking about this for a long time and i think the book gives a lot of credibility to come back to our city government to talk about what needs to happen

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