Over time, the "economic distance" between countries has stayed constant.

Question

Quizplus · Accepted Answer

The "economic distance" between countries has not stayed constant over time. Globalization and advancements in technology have led to increasing trade and investment flows, resulting in a convergence of economic outcomes and a reduction in the differences between countries' economic performance. However, differences in economic development and institutions still persist, particularly between developed and developing countries.

Over Time, the "Economic Distance" Between Countries Has Stayed Constant