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 6.1: Knowledge Economy
Today, knowledge is considered among the most important resources, and an essential driving force that contributes to economic growth (see 2.1 Innovation). Traditionally, economic geographers and economists considered capital and labour inputs as primary drivers of growth, yet the problems of resource-rich poor economies in the periphery (the post-independence Third World) made it abundantly clear that natural resources alone do not translate into growth (see 4.1 Core–Periphery). Various alternative views have emerged, with some focusing on technological innovation and others emphasizing neo-colonialism, industrial organization, state institutions and regulations, national and regional culture as playing the major role in economic growth. Those who stress the notion of knowledge economy cater to a view that knowledge, represented by skill levels and creativity of the ...