Growth differentials will probably depend more on regulatory-jurisdiction boundaries than on other factors when some countries have a significant policy advantage and begin growing first.

“if some countries have like a significant policy advantage over the rest of the world and they start growing first and then they won't necessarily have a way to get other countries to adopt their norms and culture so in that case they might just it might be more efficient for them to do the growth locally right so that's why i was saying the growth differentials will probably be determined by like regulatory jurisdiction boundaries more than anything else but like i'm not saying say the u.s”