Asian Spectator


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Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’

  • Written by Josh Ederington, Professor of Economics, Miami University
Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’Distance may not be dead, but it's certainly lost its shine. AP Photo / Shizuo Kambayashi

National 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...

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