Nearshore Should be Embracing Gravity in New World Trade Dynamics
- Details
- Published: Tuesday, 27 June 2017 19:47
- Written by Jonathan D'Oleo Puig
In principle, international trade flows according to the laws of gravity. In that sense, trade is determined by two factors: the Gross Domestic Products and the geographical distance between trading partners. To calculate the trading possibilities based on this reasoning, economists use what is known as the gravity model.
