US Revenue, African Costs: How to Play Globalisation and Win

Philip Machanick
School of Computer Science
University of the Witwatersrand, Johannesburg
philip@cs.wits.ac.za

Globalization presents challenges for poorer countries to
Rthink smartS. i.e., to exploit loopholes in an international trade
regime designed to favour the wealthy. One view on how to find such
loopholes is to generalize the concept of arbitrage to any situation
where there are cost differentials, arising out of inaccuracies in
pricing. This paper presents a number of examples, and makes a case
for focused effort in developing computer-related high-tech industry.