Recently, I wrote a tad about my Open Letter to Paul Kagame, President of Rwanda, Regarding Virtual Onshoring. I coined the concept of Virtual Onshoring in 2008, and to little surprise only 2 years later, Fiverr started. Fiverr has brought virtual onshoring into fruition, as it has been the perfect mechanism for entrepreneurs in developing nations to tap into the lucrative market of the United States and other more developed nations.
And while the deep economic disparity between nations currently leads to less U.S. employment, if we really believe in the American ideal that all humans are created equal, then we should be glad that those of humanity that have been the worst off, with true poverty, now have a manner to raise themselves, and we have the fruits of their inexpensive services (at least by U.S. economic standards).
And while this will start to bring equilibrium to the economies of the world (at least to those with sufficient legal, banking, and Internet infrastructures), a developing nation could bring greater prosperity more quickly by virtual onshoring a university. If the price point of the education was low enough to be better than subsidized U.S. colleges, and the legitimacy and quality (as denoted by accreditation) was high enough, with the right marketing and brand identity, an online university in a developing nation could tap into the U.S. market, providing a service that U.S. students need, while also raising the esteem and wealth of the intelligentsia of their nation, which in turn will bring more people into that class of educated persons. And it is only by having an accurately educated populous that a country can solve the inherent weakness of democracy: the people themselves.