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Economics

How Roe v. Wade Empowered U.S. Investors

May 15 (Bloomberg) -- It’s possible, but unlikely, that small differences in culture alone can explain the greater economic success of the U.S. relative to Europe and Japan after the introduction of the Internet.

The U.S. has poured investment into innovation since the early 1990s. It opened trade borders to lower costs, freed resources and relaxed capacity constraints. When besieged by low-cost unskilled offshore labor, it transitioned quickly from manufacturing to more productive endeavors that included innovation and services that cannot be produced offshore.