The Internal Geography of Trade is popular PDF and ePub book, written by Thomas Farole in 2013-05-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Internal Geography of Trade can be Read Online from any device for your convenience.
The Internal Geography of Trade Book PDF Summary
Economic theory, including endogenous growth, the role of institutions, and, most importantly, the New Economic Geography (NEG), have made significant progress in explaining the emergence of core-periphery patterns behind this divergence. They point to the critical role of agglomeration, which confers benefits to metropolitan cores that have the advantages of large markets, deep labor pools, links to international markets, and clusters of diverse suppliers and institutions. Regions relatively near the metropolitan core are likely to benefit from spillovers and congestion-related dispersion. Regions further outside the core however, are not only less able to take advantage of spillovers, but also more likely to be far removed from key infrastructural, institutional, and interpersonal links to regional and international markets. As a result, they face significant challenges to becoming competitive locations to host economic activity. Thus the geographical pattern of core and peripheral regions is increasingly manifest in an economic pattern of 'leading' and 'lagging' regions.
Detail Book of The Internal Geography of Trade PDF
- Author : Thomas Farole
- Release : 03 May 2013
- Publisher : World Bank Publications
- ISBN : 9780821398937
- Genre : Business & Economics
- Total Page : 302 pages
- Language : English
- PDF File Size : 20,9 Mb
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