Martin Wolf:
"Professor [Tony] Venables [of the London School of Economics] notes copious research on the gains from proximity: other things being equal, moving from a city of 100,000 to one of 10m raises the productivity of all factors of production by 40 per cent."
Wolf cites the following: Shifts in economic geography and their causes, www.KansasCityFed.org]
Source: "We must act to share the gains with globalisation's losers", Financial Times, 6 September 2006
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