Why Globalizers Should be Depressed by Regional Economics
Why Globalizers Should be Depressed by Regional Economics is an unpublished short paper. Most countries have (internal) free movement of goods, money and people --they are microcosms of a perfectly globalized world. But within-country regional inequality remains very large. Furthermore, the most powerful force for within-country income convergence is the ability of people to move from declining regions to prosperous areas --and this is the part of globalization which is least advanced. These twin facts suggest the world remains anything but flat.