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.
Chapter 5.4: Embeddedness
Embeddedness refers to the notion that economic activities are inseparable from social, cultural and political systems. Although the concept was first developed by sociologists, economic geographers have actively used it to study how spatially and historically situated non-economic factors influence the development of firms, industries and regions. Primary focus has been placed on understanding how embeddedness influences innovation possibilities, shapes market relationships, reproduces inequalities and creates path dependencies in regional development. Recent debates have raised concerns as to whether the concept excessively privileges the local, and whether it can be adequately operationalized in empirical research.
The Foundations of Embeddedness
Embeddedness is generally credited to the work of two scholars – Karl Polanyi and Mark Granovetter – who viewed the concept from different perspectives. Polanyi's (1944) landmark ...