Thus the potential pitfalls of investing in developing economies have become more manageable and worth the risk.
The risks and burdens of developing transport to low Earth orbit will thus fall to the private sector.
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Thus, the education deficits in developing countries seem even larger than generally appreciated.
But rich countries are afraid that would compromise the global drugs industry and thus limit its ability to undertake the expensive business of developing new products.
British industry lost its focus on developing the latest technology, thus solidifying the country's status as a declining world power.
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As evidence that this policy has borne fruit, Celso Amorim, the foreign minister, points out that most of Brazil's trade is now with developing countries, thus anticipating Mr Obama's advice that the world should not rely on the United States as consumer of last resort.
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This report makes clear that many business regulations in developing countries are, in fact, the legacy of colonialism and thus of European legal systems, rather than of public choices made by local citizens.
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The same is true of China, which has a currency peg to the dollar and is thus fully exposed to the rising oil price, and has also, like many other developing countries, become much more reliant on oil in recent years as their economies have moved from agriculture to heavy manufacturing.
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The same is true of China, which has a currency peg to the dollar and is thus fully exposed to the rising oil price, and has also, like many other developing countries, become much more reliant on oil in recent years as its economy has moved from agriculture to heavy manufacturing.
They assumed energy costs would remain high permanently and thus sank billions of dollars of scarce capital into developing new low-energy-consuming vehicles such as the hybrids.
The second is that potential profits for developing successful drugs to treat these diseases are enormous and, thus, pharmacuetical companies will keep working to find solutions with or without government support.
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