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.
Aqib Aslam is an Economist in the World Economic Studies Division of the Research Department at the International Monetary Fund, having worked previously in the European and Fiscal Affairs Departments. Prior to joining the IMF in 2010, he also worked at Goldman Sachs International, the Bank of England and the UK Government Economic Service, as well as studying for a Ph.D. at the University of Cambridge. His research interests include applied macroeconomics and econometrics.