Should-Read: Branko Milanovic: Liberation from the Shackles of Space: “A couple of things are worth noticing regarding the second unbundling… http://glineq.blogspot.ch/2016/12/liberation-from-shackles-of-space.html …First, huge importance of institutions…. When the production is delocalized, the quality of institutions, infrastructure or politics  in the recipient country matters enormously to the center. If designs are stolen, produced goods impounded, travel … Continue reading Should-Read: Branko Milanovic: Liberation from the Shackles of Space