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That assumes people can be equally productive no matter their location. Concentration of industry and specialization of regions increases productivity.
by cowsandmilk 9y ago
That assumes people can be equally productive no matter their location. Concentration of industry and specialization of regions increases productivity.
- polskibus 9y agoSide effects of this productivity increase (which is hard to measure anyway), can completely negate the benefits when looking at the big picture. You create concentration in one area and create a bubble instead of betting on a more organic approach.