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“Talk About Something No One’s Talking About”|
— Erin Burnett, CNBC anchor
CNBC anchor Erin Burnett recently interviewed Adams. “In the last 10 years, the amount of pasture accessible to Americans has greatly increased, and it’s a lot greener than it ever was,” said Adams. A replay of this interview is available on the New Global Initiatives Web site. Adams thinks emigrants can help the U.S. economically by introducing American consumer products and services into new markets. One reason Adams commissioned the Zogby survey was to create a data source that he might market to companies interested in selling to overseas Americans. To date, however, only real estate investors have shown strong interest in Adams’ work.
If people emigrate to find economic opportunity, might Adams’ survey portend bad news for the U.S.?
Current U.S. GDP is $44,000 per person versus Panama’s $8,000. It seems unlikely that people are leaving for immediate financial gains. Still, Panama is a young country demographically, with a median age of 26. Panama’s GDP grew at an 8% clip last year.
It doesn’t have the U.S. baby boomers’ $55 trillion unfunded pension liability.
Neither is it involved in difficult, expensive Middle East nation building. There may be quite a few 20-40-year-old Americans willing to sacrifice current income for future opportunity in countries like Panama. Only time will tell…
February 20, 2008