Exact(3)
With capital mobile and economies increasingly interlinked, money will continue to move to places where costs, including taxes, are low.
Fluid capital, mobile communications, and an expanding global middle class all contribute to the global tilt, but the human factor is also a powerful driver.
BBC - Capital - Mobile banking — without the bank?
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Institutional investors have seen their faith in mobile internet justified, with the Digi-Capital Mobile Internet Index of 78 public companies in and around mobile internet giving a 28percentt return in the last 12 months (versus 20percentt for the S&P 500).
Global capital is mobile.
[But] capital is mobile in today's economy.
When capital is mobile, countries that fix their currencies lose control over their domestic monetary conditions.
We compare autarky with two-country cases, assuming that capital is mobile and labor immobile.
Interest has been high enough that Entreé Capital, a mobile payments capital firm, has given Flypay £1m ($1.7m) to develop the service further.
Even if many public services are monopolies, private capital is mobile: it goes to places where government works.
The trilemma of international economics dictates it: if capital is mobile, currency rigidity will eventually lead to asset bubbles and inflation.
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