"Munchau also regurgitates the idea that modern economies are becoming all about data trade (i.e. the ‘weightless economy’ mantra that’s been around for decades) and makes the claim that gravity models of trade (i.e. that geographical distance matters) only apply to goods trade. The latter has long been a favourite idea amongst Brexiters, such as former International Trade Secretary Liam Fox, who talk of a ‘post-geography trading world’, but it is largely incorrect."
Sunday, April 25, 2021
Reflecting on "Gravity" versus "Weightless" trade models
Chris Grey includes a brief exposition on the fallacy of political actors claiming the emergence of a new “post-geography trading world” (political dogma than a trade model as such) (link to Brexit limps on post of Fri 23 April 21)
