- Subject index
Key Concepts in Economic Geography is a new kind of textbook that forms part of an innovative set of companion texts for the human geography sub-disciplines. Organized around 20 short essays, this book provides a cutting edge introduction to the central concepts that define contemporary research in economic geography. Involving detailed and expansive discussions, the book includes:
An introductory chapter providing a succinct overview of the recent developments in the field; Over 20 key concept entries with comprehensive explanations, definitions, and evolutions of the subject; Extensive pedagogic features that enhance understanding including figures, diagrams, and further reading
An ideal companion text for advanced undergraduate and graduate students in economic geography, the book presents the key concepts in the discipline, demonstrating their historical roots, and contemporary applications to ...
Chapter 5.3: Institutions
Institutions are patterns of behaviour that structure societies and make everyday life more consistent and predictable. They are manifest as organizations (e.g. the World Bank), laws and regulations, socio-cultural traditions (e.g. marriage), and in the formal and informal rules, norms and conventions governing socio-economic activities. Institutions coordinate economic activities by encouraging or discouraging particular patterns of behaviour in individuals, firms, and state actors and research on institutions provides an important perspective on the development of regional and national economies over time. For economic geographers, institutional analyses focus on how institutions help or prevent regions from growing and innovating, how institutions create and sustain uneven geographies of socio-economic opportunity, and about the institutional challenges concomitant with global economic integration.
Institutions and the Historic Development of Capitalism