Noah Smith

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I have been thinking about alternative theories to explain rich-world income stagnation. And I have come up with something. I call it the “Great Relocation”. The idea, in a nutshell, is that economic activity is relocating from rich Europe, America, and Asia to developing Asia faster than technological progress can replenish it.

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1 Response to Noah Smith

  1. shinichi says:

    Great Stagnation…or Great Relocation?

    by Noah Smith
    Noahpinion
    Economics, geekiness, and distraction from productive activity

    http://noahpinionblog.blogspot.jp/2011/09/great-stagnationor-great-relocation.html

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