By Susan Cramm (from Strategy + Business)
I remember the lazy days of my childhood summers, languishing in the grass, bored but too tired to move after spending most of the day in the community pool. No summer school for me. When I applied to college, anything above a 3.2 grade point average gained automatic admittance to a University of California school. Nobody asked, or cared, about my (nonexistent) extracurricular activities. And, even amid a recession, I left graduate school with a good-paying job and little concern about security.
The world isn’t so simple now. Although many of us—especially those raised in the U.S.—grew up in a world full of choice, our children are growing up in a world full of competition. We can’t give our children our past, but we can help them create a future by adopting an emerging-market mind-set that creates choices by making them more competitive.