Author : B”rje Johansson,Charlie Karlsson,Roger Stough
Publisher : Edward Elgar Publishing
Page : 552 pages
File Size : 54,9 Mb
Release : 2002-01-01
Category : Political Science
ISBN : 1781959846
Regional Policies and Comparative Advantage by B”rje Johansson,Charlie Karlsson,Roger Stough Pdf
This title analyzes the conception of economic development in modern regions, which has gone through a fundamental change since the early 1980s. Regions are today increasingly looked upon as independant market places that are connected via interregional and international trade and not as administrative units embodied in a national state. Two complementary theoretical frameworks explain the specialization of economic activity at the regional level. The traditional approach assumes that the comparative advantages of regions depend upon differences in the supply of lasting resources. In contrast the newer complementary framework called the "new economic georgraphy", assumes that the dynamic interaction between geographical market potentials and rational firms in its own way creates the comparative advantage of regions. The book examines the policy implications of the complementarity of the competing views in a variety of geographic and functional contexts.