Trillions of dollars in capital now cross borders each year in search of profit. And since more is flowing out of developing countries than coming in, the return must be higher in the rich industrialized economies.
Wait; that can't be right. The low-hanging fruit in the United States, Western Europe, and Japan was presumably picked long ago. Shouldn't capital now be sucked into places where labor's cheap and opportunities abound? Indeed, isn't that what global economic integration is about?
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