As always, another thought provoking post Rob ... thank you
Story;
Your post hits home, well actually next door .....
My neighbor here in the USA is a Ukrainian whose family owned a business there
he fled to France when political instability erupted in Ukraine;
he went from helping run his family business to playing piano in a Paris nightclub
later he moved to Argentina and set up the same type of business his family ran in Ukraine
he fled to the USA when he felt political instability in Argentina would erupt ( although it did not )
in the USA he became a successful architect and sent his daughter to medical school
Bottom line;
This sounds like a good thing for well-managed growing countries and a bad thing for poorly managed low growth countries .... hasn’t the World behaved like this all the time throughout history ? I guess the concern here is what the implications of capital drain and brain drain are in the poorly managed low growth countries to global economic/political stability.
Regards,
Mike
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