A Long View of Globalisation in Short: Part 1 of 5 | VOX, CEPR Policy Portal

In modern phases of globalisation, man-made barriers start to play a big role, but for most of globalisation’s history, technology or climate were the binding constraint. Specifically, production and consumption were bundled due to the high cost of moving goods, ideas, and people. The cost of moving these all three of these eventually fell, but not quickly, and not all at once. The order in which they fell – as we shall see – shaped history. (View Highlight)