Where economic activity will locate in the future is one of the most important questions in economics. Even though advances in technology have reduced the cost of transport, communication and information gathering and processing, hence curtailing the 'distance penalty', local proximity (clusters) of firms that produce similar, competing and/or related products together with supporting institutions still matter. Economies of scale, activity-specific backward and forward linkages (indivisible production), accumulated knowledge and skills, innovation, existence of sophisticated customers and a fall in transportation costs play relevant roles in the 'protection' of clusters and absolute locational advantages of certain locations. 'Global' competitiveness often depends on highly concentrated 'local' knowledge, capabilities and common tacit codes of behaviour, which can be found in a geographical concentration (cluster) of firms.
Where economic activity will locate in the future is one of the most important questions in economics. 'Global' competitiveness often depends on highly concentrated 'local' knowledge, capabilities and common tacit codes of behaviour, which can be found in a geographical concentration (cluster) of firms.
A crucial question in contemporary economics concerns where economic activities will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model, providing important concrete and theoretical insights, and illuminating areas of future enquiry.
The dissipating multilateral trading system and splintering in a number of trading blocs and arrangements has been one of the most important issues in international economics, particularly after the establishment of the World Trade Organisation in 1995.
Acclaim for the first edition: ÔThe book is essential for students in European studies, international economics and business or international relations at both graduate and postgraduate level.Õ Ð Ricardo Pinheiro-Alves, The Times Higher Education Supplement Thoroughly revised and updated, the second edition of this highly acclaimed textbook will be required reading for graduate and undergraduate students on a wide range of courses including: European economics, economic policy, European integration, European studies and international relations. Exploring the EU at an important turning point and during uncertain and turbulent times, the text will also prove an invaluable reference tool for academics and policy makers concerned with any facet of European integration. Comprehensive and accessible, this far-reaching text: ¥ provides in-depth, state-of-the-art analysis of the origins, achievements and prospects of principal EU economic policies ¥ covers all EU member countries as well as candidate countries ¥ sets scenarios for future EU policy and organisational evolution ¥ prescribes possible paths and directions for the EU, not only for economic policies but also for organisational structure; ¥ features supplementary data via a companion website. Topics explored in detail include: EU budget, competition policy, Common Agricultural Policy, fiscal integration, monetary integration, industrial policy in manufacturing and services, trade policy and international economic cooperation, regional policy, social policy, mobility of labour, energy policy, transport policy, environment policy and enlargement.
This book discusses the way in which economic integration and preferential trade agreements reinforce or alter the existing location of industries. Using a conceptual approach with real life examples, the author seeks to clarify and explain the key tendencies of the relationship and influence between spatial distribution of production and economic integration. Geography of Production and Economic Integration will develop students', specialists' and policymakers' understanding of this highly topical subject.
International economic integration has played a significant part in economic policy decisions for most countries and regions throughout the world over decades. This text looks at why the success of integration schemes has been so variable and what the prospects are for integration in the future.
The purpose of this book is to provide a guided tour through the theoretical foundations of spatial locations of firms and industries in an evolutionary economic framework. It addresses the issues of how a location of business in geographical space is selected and where economic activity may (re)locate in the future. The analysis is in the context
In this major new text, Miroslav N.Jovanovic presents an analysis of all the major aspects of economic integration in the European Union. Beginning with an overview of the origins of European integration, he moves on to discuss in detail all the main policy areas. These include: *monetary policy *competition policy *industrial policy *fiscal policy *trade policy *the Common Agricultural Policy *foreign direct investment *regional policy. The volume also includes a discussion of less well-known policy areas, such as social policy, environmental policy and transport policy. Containing an excellent blend of theory and practice and presenting a highly complex issue in an accessible and non-technical way, this text will be an invaluable resource for students of international economics, international business and European studies.
This new edition of International Economic Integration, has been fully revised and updated to reflect current developments in this increasingly important area. New features include: * Completely new introduction and conclusion * Chapter added on integration schemes which includes discussion of the East and the enlargement of the European Union * Chapter on the Common Market expanded to include new developments in capital mobility and industrial policy * new real life examples, quanitative studies and statistical material * Treatment of issues even more accessible following feedback from first edition Building on the reputation of the highly successful first edition, this volume will continue to be considered the definitive work on the subject and to be a vital reference for students of international economics.
The dissipating multilateral trading system and splintering in a number of trading blocs and arrangements has been one of the most important issues in international economics, particularly after the establishment of the World Trade Organisation in 1995.
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