Decades ago, private capital flowing into developing countries was a small fraction of aid dollars. Since then, that private capital investment has grown roughly 100-fold and the ratio of aid to investment has flipped. Today, every $1 in aid to developing nations is dwarfed by nearly $7 in private investment.
On the heels of the President calling on Congress during the State of the Union to grant him trade promotion authority "to protect American workers, with strong new trade deals from Asia to Europe that aren't just free, but fair," it is worth noting a fascinating study released recently on global connectedness.
It seems as if the days of manually doing routine tasks such as shopping and health care are slowly fizzling into obsolescence. People in both developed and developing countries are reshaping their daily lives and interactions as digital technology becomes intertwined with their everyday activities.