The plummeting cost of international business travel and communication has enabled highly-skilled workers resident in developed countries to become increasingly involved in production in developing countries, where they can co-operate with less-skilled workers whose wages are lower than those of...

The falling cost of international business travel and communication motivates highly-skilled workers who live in developed countries to spend more of their time co-operating with less-skilled workers in developing countries. This tends to narrow the gap between developed and developing countries...

During the past two centuries, major technological breakthroughs such as the steam engine and electricity have acted as the catalysts for growth and have resulted in a marked increase in material well-being. The dominant technology today - information and communication technology (ICT) - does...