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 fully understand the processes of economic change, regional growth and decline, globalization, and the changing locations of firms and industries. Written by an internationally recognized set of authors, the book is an essential addition to any geography student's library.
Section 3: Industries and Regions in Economic Change
Why do economies differ, and what makes an economy distinctive? In Section 3 we turn to four key concepts that are essential for understanding the role of industries and regions in economic change. Explaining the sources of economic variation across space has long been a disciplinary preoccupation of economic geographers and, as a result, various theories have been postulated to uncover how the invisible logic of the market manifests itself in economic landscapes.
The chapter on Industrial Location covers the work of many who are considered the founding fathers of the discipline, beginning in the nineteenth century. Often based on strict, and therefore unrealistic, assumptions, many early location models are increasingly disregarded [Page 72]in introductory ...