It's a big world after all: on the economic impact of location and distance
Thomas Friedman, a very influential and widely read journalist (author of The World is Flat), argues that distance is no longer a dominant characteristic of the world economy. Competition is thought to be a race to the bottom, with the lowest wage countries as the big winners. In contrast, using various methods and data sets, we show that many threats of global competition for the position of the traditionally developed (Organization for Economic Cooperation and Development) countries are unwarranted, that distance still dominates all aspects of international trade and that there is little evidence of income convergence. Copyright 2008, Oxford University Press.
Volume (Year): 1 (2008)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://cjres.oxfordjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:cjrecs:v:1:y:2008:i:3:p:411-437. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.