Schools of Thought on Economic Geography, Institutions, and Development

Reference work entry

Abstract

This chapter reviews some of major thematic approaches which have characterized urban and regional research over recent decades. Three broad schools of research are discussed, namely, the new economic geography, the new urban agenda, and the evolutionary and institutional school. The major assumptions underlying each of the schools of thought are outlined, and the broad areas of agreement and disagreement between the three schools of thought are highlighted. The changing economic realities on the ground in many regions, whereby the previously dominant large cities are no longer the key drivers of economic growth, pose major conceptual, analytical, and empirical challenges to all three of these schools of thought, schools which had emerged precisely during the period when major cities were reemerging as the drivers of growth.

Keywords

Social Capital Trade Cost Economic Geography Distance Cost Technological Profile 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.Department of Economic GeographyUniversity of GroningenGroningenThe Netherlands

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