Explain how developments in transport have affected trade?
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Transport improvements have had a much more significant impact on trade – and the organization of production more widely – than is captured in their measure of trade costs. agricultural goods by six percent. They also explain the puzzle that trade has become more local.
Explanation:
Transport improvements have had a much more significant impact on trade – and the organization of production more widely – than is captured in their measure of trade costs. agricultural goods by six percent. They also explain the puzzle that trade has become more local.