McDonald's cannot flourish without McDonnell Douglas, the builder of the F-15.

A 2011 report produced by Forrester Research estimated that the revenue generated through the sales of smartphone and tablet applications will reach $38 billion annually by 2015. Think about that: An industry that did not exist in 2006 will be generating $38 billion in revenues within a decade. . . .

The ideal country in a flat world is the one with no natural resources, because countries with no natural resources tend to dig inside themselves. They try to tap the energy, entrepreneurship, creativity, and intelligence of their own people-men and women-rather than drill an oil well.

Golf has an ambivalent relationship with the environment. On one hand, it's a great preserver of open spaces. Golf doesn't pave the world - it helps to green the world. But the downside is, it uses a lot of fertilizer, pesticides and water. And this is in a world where we know that synthetic fertilizers and pesticides are toxic, and water is more and more scarce. Golf could do a lot more.

Rock stars get room keys, I get business cards. Wherever I go I meet innovators of wind power equipment, solar energy operators.

What is the most entrepreneurial country in the Middle East today? It's Lebanon. Which country has no oil or gas? Lebanon. The same was true of Israel, the same was of Bahrain. You could see a real gradation. Turkey, for instance: no oil and gas, very entrepreneurial. You can either dig your future out of the ground or you can unlock the potential of your people.

To me the smart thing that governments in the Middle East would be doing right now is taking their oil and gas fountain - and the smartest ones are to some degree - and making sure they're investing in their people to unlock their potential - men and women.