SilasBarta comments on The Craigslist Revolution: a real-world application of torture vs. dust specks OR How I learned to stop worrying and create one billion dollars out of nothing - Less Wrong
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True, but only up to a point. If you were to move everyone into a developed country ASAP, the "memetic overload" can destroy the very institutions that make those countries successful.
Yes, I know this sounds suspicously simliar to something a lot of racists say, but it's still true: if you add 100 random mouthbreathers to a five-man successful Silicon Valley startup, you don't get a 2000% improvement in productivity and a 5-fold gain in wages for the newcomers. Rather, you destroy the operation.
Greatly relaxing or eliminating immigration restrictions wouldn't result in everyone moving from the developing world overnight. One of the main benefits of immigration in reducing poverty comes in the form of remittances back to family in the home country.