This is the major impact globalization has had on productivity
It took 1,000 years for the invention of paper to spread from China to Europe. Nowadays, in a world that has become more integrated, innovations spread faster and through many channels.
Carolina Osorio-Buitron currently works as an Economist in the Research Department of the IMF. She holds a PhD in Economics from the University of Oxford. Her research interests include international and financial economics. Her current research agenda focuses on cross-country spillovers from policies in advanced economies. Before joining the IMF, Carolina worked as an Economist in the Central Bank of Colombia.