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These days he tends to say he has been misunderstood about this.Economists who have looked at Europe, asking, in the manner of Mr Mundell, whether it is an optimal currency area, usually answer No. Factors are not sufficiently mobile between countries: this makes the exchange rate a useful price-adjuster, under certain circumstances.
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At the same time, the complexity of mobile population dynamics between countries and regions is also increasing.
The results of this study confirm that mobile population dynamics between countries and regions and demographic changes in pediatric HIV/AIDS epidemiology are directly related and have consequences for immigration and health policy at domestic and international levels.
Factor markets are competitive, with labour and capital being mobile between sectors but not between countries.
Increasing number of mobile population both within and between countries, recreational drug use, alcohol, and frequent partner changes could have lead to risky sexual behaviour.
Use of a single standard made possible economies of scale, widening access to mobile phones and allowing for easy roaming between countries.
Despite international efforts to curb tax competition between countries trying to attract internationally mobile firms, corporate tax rates are falling throughout the rich world: the average rate has dropped from 37.5% in 1996 to 33% now.
Martin Potgeter, Qiagen's senior director of corporate development, says portable diagnostic machines are particularly helpful for international businesses whose mobile workforces are vulnerable to picking up infections and diseases as they travel between countries.
In Europe, where borders are virtually open between countries, there is a recognition that cooperation is essential if terrorists and other highly mobile criminals are to be stopped.
They need to be tight enough to protect vulnerable users and discourage money laundering, but open enough to allow innovative mobile banking to grow.If the transfer of money by mobile phone between countries as well as within them takes off, it could have implications far beyond the salons of Soweto.
Now, firms and people are more mobile and can exploit tax differences between countries.
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CEO of Professional Science Editing for Scientists @ prosciediting.com