development geography and economic theory pdf

Development geography and economic theory pdf

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Reinert, Erik S. Development geography and mainstream economic theory have for many years lived separate lives. The geographical dimension - the location of production in space - has completely disappeared from neo-classical economic theory.

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The system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar. Their combined citations are counted only for the first article. Merged citations.

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Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development , economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels. Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. Unlike in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans. The earliest Western theory of development economics was mercantilism , which developed in the 17th century, paralleling the rise of the nation state. Earlier theories had given little attention to development.

Economic geography is the subfield of human geography which studies economic activity. It can also be considered a subfield or method in economics. Economic geography takes a variety of approaches to many different topics, including the location of industries, economies of agglomeration also known as "linkages" , transportation , international trade , development, real estate , gentrification , ethnic economies, gendered economies, core-periphery theory, the economics of urban form , the relationship between the environment and the economy tying into a long history of geographers studying culture-environment interaction , and globalization. There are varied methodological approaches. Neoclassical location theorists , following in the tradition of Alfred Weber , tend to focus on industrial location and use quantitative methods. Since the s, two broad reactions against neoclassical approaches have significantly changed the discipline: Marxist political economy, growing out of the work of David Harvey ; and the new economic geography which takes into account social, cultural, and institutional factors in the spatial economy. Economists such as Paul Krugman and Jeffrey Sachs have also analyzed many traits related to economic geography.

From Ohlin Lectures. Why do certain ideas gain currency in economics while others fall by the wayside? Paul Krugman argues that the unwillingness of mainstream economists to think about what they could not formalize led them to ignore ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of economic geograph and development theory to shed light on the nature of economic inquiry.

2 comments

  • Evarista A. 02.06.2021 at 23:22

    Both development economics and economic geography experienced a flowering after World War II, resting on the same basic insight: the division of labor is limited​.

    Reply
  • Jay W. 05.06.2021 at 12:32

    Next Articles.

    Reply

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