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It would be transformational if firms would be okay with some of their team working in a different timezone. It's hard to collaborate when you can only meet in the evening for one worker, and early morning the other. I don't know if there's any logistical solution to this.

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It's done on large scale: just split the projects into teams and each team can be on a time zone, so intra-team communication works well and inter-team is done as much as needed.

This is how companies have offices across the world, more and more in low cost locations. It this is what you want ...

Replace Tibet with Bolivia and the point still stands.

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