Martin Wolf: ‘Global Britain’ is an Illusion Because Distance Has Not Died: "Why has distance not died and the world not become flat?... The nature of trade has changed and, in particular, it has become more control-intensive and time-dependent.... Regional trade arrangements also matter... because procedures tend to be far more reliable and efficient.... Regulatory and procedural harmonisation... was the price of integration.... There are only two possible explanations for the immense bias towards trade with the EU: either the preferential advantages of being within the EU are very large or the vital fact is that these are neighbours. Either way, the idea that there is a global alternative... is a delusion. It is the biggest of the many Brexit delusions...


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