In fact, it doesn't. The list of perceived losers is a long one. We enter Toytown, a gritty section of downtown Los Angeles that's packed with somewhere around 400 toy companies and wholesalers. The architect of this phenomenon is an immigrant from Hong Kong named Charlie Woo, who, more than 20 years ago, began buying moderately priced playthings from the Far East and selling them to Mexican retailers. Technology gives people the power to weave connections all over the world.
Technology frees people from tyranny of place.
Consumers, of course, can surf the Internet at any time for the best deals on the best products available anywhere. Television, of course, beams news and culture to the world's most remote living rooms. Capital is the second engine. The third engine is management. International consultancies and business schools have helped to seed a global canon of management.