Distance
Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’
Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’ Research suggests that globalization has reduced the importance of physical distance in economic shocks, particularly for interconnected countries. The study found that business cycles were strongly localized from 1960-1999, but this relationship broke down after 2000, indicating a shift towards […]
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