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The reason for geographic restriction's not a mystery: they exist because electronic book rights, in the vast majority of all book contracts, are an afterthought tossed into the stock contract. (...)
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In fact, it's much easier.
Most publisher simply DON'T want to sell you eBooks. Face it. Not if they can sell you a printed book. So they still (and will) do anything to complicate and aggravate the way you might buy an eBook.
eBook still aren't their kind of turf, and they let you feel their influence in controlling the access to a specific title as much as possible.
It will change, but it will take some time.