Question

Explain how developments in transport have affected trade?

Answer 1

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.

Answer 2

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.