Storper, Michael ORCID: 0000-0002-8354-792X (2009) Regional context and global trade. Economic Geography, 85 (1). pp. 1-21. ISSN 0013-0095
Full text not available from this repository.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 |
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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: | 01 Oct 2024 19:12 |
URI: | http://eprints.lse.ac.uk/id/eprint/31917 |
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