By Danny MacKinnon
Advent to financial Geographyis a vital introductory textbook for undergraduate scholars taking classes in Geography and Human Geography. it's compatible for college kids impending the topic in any respect degrees.
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Additional info for An Introduction to Economic Geography: Globalization, Uneven Development and Place
Such variety is continually reproduced through the interaction between wider processes of uneven development and local political, social, economic and cultural conditions. 3 The economy and economic geography omic history of a place in terms of the particular industries found there and the institutions and practices associated with them. In any one place, the interaction between established industries and institutions and contemporary processes of change shapes and moulds the economic landscape (Massey, 1984).
Chapter 6 explores the changing role of the state in the economy, assessing the changing geography of economic regulation and the way in which the state has evolved. We then go on in Chapter 7 to consider the role of MNCs as key agents of globalization, outlining their growth over time and assessing claims about the emergence of truly global corporations in the last couple of decades. Chapter 8 examines the geography of services, focusing particularly on financial and business services. The twin trends of the geographical concentration of high-level functions in major world cities and the global dispersal of ‘back office’ and customer-service functions to lowercost locations are highlighted, along with digitization and the growth of the Internet economy.
From the start, however, the two disciplines assumed different characteristics. Economics views the economy as governed by market forces that basically operate in the same fashion everywhere, irrespective of time and space. The market is composed of a multitude of buyers and sellers – the forces of demand and supply – who dictate how scarce resources are allocated through their decisions about what to produce and consume. Mainstream neoclassical economics is underpinned by the idea of ‘economic man’, assuming that people act in a rational and self-interested manner, continually weighing up alternatives on the basis of cost and benefits, almost like calculating machines.