In a sense, the race to the bottom that globalized markets encourage is just another manifestation of Gresham's Law.
The market for lemons is not really about assymmetrical information, it's about any inability to distinguish between two otherwise identical objects, any averaging of different levels of quality. Translating qualitative factors into quantitative factors is the challenge.
If you can steal the input factor, then you will always be able to out-compete your competitors.
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