Globalization can usefully be thought of as a form of arbitrage driven by the simple fact that some things are cheaper in one country than another. In today’s world, we have large international differences in wages and salaries. So far, it is quite difficult to arbitrage wage differences.
And widespread political resistance to mass migration means that low-wage workers are mostly stuck at home. But what if workers in poor nations could sell their labor in rich nations without leaving home? What if the services provided by labor could cross borders without the laborers?
Telerobotics is the technology that overcomes the current need for physical presence in many jobs. These are robots that are controlled not by artificial intelligence but by remote intelligence ― a faraway human operating the robot.