Geographies of Recession
When a country experiences recession not all areas experiences the recession in the exact same way. Some regions possess a greater degree of economic stability compared to their counterparts in that they possess the means to ride out a recession while the other regions suffer. Due to globalization it has become easier for a company to just pack up and leave for better pastures when the going gets tough. Namely increases in local taxes, minimum wages and overall cost of doing business in a certain...