Storper, Michael 
ORCID: 0000-0002-8354-792X
(2009)
Regional context and global trade.
Economic Geography, 85 (1).
pp. 1-21.
ISSN 0013-0095
Abstract
How should we think of the role of regions in relation to the global economy? Theory has surprising gaps when it comes to building a unified vision of these two scales of development. Two contributions to such a vision are proposed in this article. First, the relationship between geographic concentration and the regional economic specialization it underpins and globalization should be theorized as a dynamic process. Standard location and trade theory is not adequate for this task; instead, the dynamic relationship can be captured through growth theory. But capturing this dynamic relationship requires correcting growth theory to separate its local and its global components, which are, respectively, Marshall- Arrow and Romer externalities. Second, the missing element in all theories of geographic concentration and locally specialized development is an element labeled “context” here. A theory of context, in turn, raises important new questions about the dynamic welfare and developmental effects of contemporary processes of fragmenting and relocating production at a global scale.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.wiley.com/bw/journal.asp?ref=0013-0095 |
| Additional Information: | © 2009 Clark University |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences > HF Commerce |
| Date Deposited: | 31 Jan 2011 14:38 |
| Last Modified: | 11 Dec 2024 23:34 |
| URI: | http://eprints.lse.ac.uk/id/eprint/31917 |
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