Re:Mobile data: Why India has the world's cheapest
by chrismeller on Monday March 18, 2019 @12:10PM
(#19422306)
Difficult to arbitrage? You just proved the opposite of your own argument.
Oil is the same price for many reasons (least of them being OPEC), but largely because of your point - there is a global market.
How exactly is the US or UK supposed to export cheap data from India?
This is why oil is the same price pretty much everywhere in the oil. Because if oil was cheaper (including taxes and transport) in one place, someone would buy it and sell it somewhere else.
When everyone is doing this, it equalizes the prices. This is because arbitrage drives up the price of cheaper oil and drives down the price of the expensive