As he mentions in the first paragraph, he didn't coin that term as we used it widely at McKinsey's office in the 90s, where he was a junior consultant. BTW, the

As he mentions in the first paragraph, he didn't coin that term as we used it widely at McKinsey's office in the 90s, where he was a junior consultant. BTW, the practice of "International Idea Arbitrage" is applied since the early 1800s in all fields and segments.