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That conclusion will not surprise people who believe in the markets' efficiency.
The basic motivations to invest capital abroad are the pursuit of markets, efficiency, or knowledge.
After all it is a globalized borderless world where capital is chasing financial markets efficiency?
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Ask any economics and finance professor about market efficiency, and they will define it as follows: efficient markets distribute and incorporate news instantaneously.
Congestion management design is key to a fair and efficient use of transmission facilities and an improvement of market efficiency.
That is market efficiency at work.
Isn't this just market efficiency in action?
Economists said price controls, by definition, weakened market efficiency.
And all that is consistent with market efficiency?
Society must instill the personal ethics required for market efficiency.
It is actually a real-life experiment in market efficiency.
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