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And this is starting to be realised because, where other endowments concentrate on culture, its hard-headed focus is on the problems that most desperately need cash.
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No longer will Foreign Policy, the 30-year-old publication of the endowment, concentrate on articles about relations between governments, on military policy, or on the domestic politics of an important American ally.
Through comparative advantage, entirely in accordance with the Heckscher and Ohlin theory that a country should concentrate on its factors of endowment, China specialized in labor-intensive manufacturing goods and export to the US and Europe, while imports capital from them in return.
"We can concentrate in the next two years on our endowment and in that way supporting our programs".
Now concentrate.
"No, concentrate".
"To concentrate.
We concentrate on movies".
People concentrate.
Yet Cooper Union's endowment is highly unusual in that it's concentrated in a single asset — the land under the Chrysler Building — which accounts for nearly 84 percent of its assets, according to its most recent financial statement.
At the same time, the comparative advantages of developing countries are concentrated in traditional industries because of their dependence on labor endowments.
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CEO of Professional Science Editing for Scientists @ prosciediting.com