Problem
It is widely recognized that changes in technology and competition have diminished many of the traditional roles oflocation. Resources, capital, technology, and other inputs can be efficiently sourced in global markets. Firms can access immobile inputs via corporate networks. It is no longer necessary to locate near large markets to serve them. Governmentsare widely seen as losing their influence over competition to global forces. It is easy to conclude, then, that location is diminishing in importance. Do you agree or disagree with the statement that location is diminishing in importance in theglobal economy? Support your conclusions in detail with explanation.