Economic Distance

Economic distance can be understood as the relation between individuals and/or societies in terms of wealth and level of life as well as access to resources and development possibilities. The attitude toward economic distance has evolved over centuries. In the past, it was related to geographical distance, because remoteness to some resources or services often resulted in economic distance. Today, it may be still visible in access to resources, transportation networks, and educational and research centers. Moreover, such notions as close vicinity to water reservoirs, the size of a country and metropolitan area, as well as the density of transportation networks influence economic conditions of a given community. It should be mentioned, however, that the relationship between economic distance and geographical distance is not linear, ...