Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’
- Written by Josh Ederington, Professor of Economics, Miami University
Distance may not be dead, but it's certainly lost its shine.
AP Photo / Shizuo KambayashiNational economies are increasingly moving in sync and responding to the same booms and busts as a result of near-instantaneous communications and interdependent global supply chains. This is a sharp change from much of the 21st century, when economies were...