Cambridge Journal of Regions, Economy and Society Advance Access originally published online on June 19, 2008
Cambridge Journal of Regions, Economy and Society 2008 1(3):351-370; doi:10.1093/cjres/rsn002
This article appears in the following Cambridge Journal of Regions, Economy and Society issue: The World is not Flat; Putting Globalisation in its Place [View the issue table of contents]
Globalization and economic geography: the world is curved, not flat
Department of Economics, University of Waikato, Waikato 3240, New Zealand. pmccann{at}waikato.ac.nz
Department of Economics, University of Reading, Reading RG6 6AW, UK. p.mccann{at}reading.ac.uk
| Abstract |
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This paper analyses the argument put that the world is becoming flatter from the perspective of economic geography and spatial economics. In order to do this, we consider the variety of empirical evidence available, much of which appears to be prima facie rather paradoxical. However, it is possible to reconcile all of the seemingly conflicting the evidence by adopting the argument that the global economy simultaneously exhibits trends towards both increasing globalization and localization. Cities are increasingly seen to be the critical context for growth. Using diagrams, we demonstrate that analytically the global economy is becoming even more curved.
Keywords: globalization, transactions, costs, cities, geography
Received on October 3, 2007. Accepted on December 21, 2007.
JEL Classifications:: F21, F23, R11, O33