Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Monday, July 17, 2006

On Vox: Morning Coffee Videocast: Bosses Move to America

View Brad DeLong’s Blog

One of the interesting things going on in the world economy today is how the bosses are moving to America--and to a few places in America: Manhattan, Greenwich, Palo Alto, Boston. Globalization was supposed to allow economic activity to be located anywhere in the world. Instead, it looks as though the highest-value activities are starting to cluster: to be neare finance, near dense social networks of rich people, near trend-setting customers.

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