This is the major impact globalization has had on productivity
It took 1,000 years for the invention of paper to spread from China to Europe. Nowadays, in a world that has become more integrated, innovations spread faster and through many channels.
Giang Ho is an economist in the Research Department at the International Monetary Fund. She holds a Ph.D. from the University of California at Los Angeles (UCLA). Her main research interests are in areas of applied macroeconomics, including growth, productivity, and labor market.