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2013-12-05 13:37:17

International time differences have a negative and economically significant impact on trade between countries, according to research published this week. The study by Dr Edward Anderson, of the School of International Development at the University of East Anglia (UEA), found that each hour of time difference reduced international goods trade by between two and seven per cent. The effect of a five hour time difference, such as that between London and New York, was equivalent to an increase...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'karpos', fruit.
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