Press arbitrage is no small factor, either. How disastrous would the PR have been for The Gap, Abercrombie, et al, if the factory with locked exits that killed twenty-nine workers sewing our clothes had been in the U.S. and not in Dhaka?

Think about that the next time you’re walking into The Gap, much less reporting a story on it.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.