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In particular, the reason many 3rd World countries are poor is because of a closed economy that fosters monopolies which rob consumers blind. A freer economy would result in higher purchasing power and greater labor mobility.
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That is a very, very simplistic view of things. You don't think it might have something more to do with series of petty dictators and near dictators that tilt things to the benefit of their supports and screw the common man? Perhaps institutionalized corruption might play into it a little bit. Again, just saying "open your borders and be free" is a simplistic view of what ails the world.