| " the USA does not produce nearly enough STEM graduates domestically" They do, and so do most other countries. The US has a 'very large market' that is 'capital friendly' and has a lot of 'early adopters' and consumers that love the latest, newest fad. So, 'market dominance' is so many things will come from America. One of the reasons America pushes for 'free markets' is because there's no need for geostratic shennanigans otherwise. Ex: If Canada (or other countries) opened up their telecom sector to aquisition - even on 'even terms' - do you think Rogers, Telus and Bell (Canadian) would be buying up Verizon, TMobile and Sprint? No. The other way around. Canadian firms would be immediately aquired by American firms. Same for everything else. All of the 'top jobs' would go to the US, and the only thing left in Canada would be 'customer service' 'local marketing' and 'field ops'. The same thing for developing countries x100. 'Free Trade' plays very naturally into Americas strengths, and it's an easy line to promote, because the 'short term net advantages' are supposedly positive for everyone (though, generally capital). FYI - Canada/US comp. has a lot to do with Oil prices. Oil prices high = Canadian salaries almost at par with the us. (Remember that the vast majority of US STEMS are not earning 'high end Google salaries'). Low Oil prices means you can earn considerably more in the US. |