Knowing your place
Article Abstract:
There is renewed interest in economic geography which has focused on growth disparities and activity clusters. The models used are similar to those in use in the 1960s and 1970s among geographers, argues Cambridge University's Ron Martin. He criticizes the new focus on mathematical models since they can impose constraints and obscure the complexities of localities. Geographers argue that different processes may operate at different levels. Meanwhile, MIT's Paul Krugman argues that mathematics can perform a useful role in economic geography, and that geographers tend to lack clarity in their analyses.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Man of the hour
Article Abstract:
Robert Mundell developed a macroeconomic model in the 1960s which is relevant in the 1990s. He studied capital flows and currency areas, and his work has been used to understand European monetary union. Mundell favors European monetary union, though critics argue that lack of mobility of factors of production can create problems. He argues that having a large number of currencies creates problems, and there are differences within nations as well as between nations, so it is impractical to have a currency for each economic region.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Benchmarking your practice. London calling. Learning to be bold
- Abstracts: Sir Robin Black. Breathless hush in the 'hood
- Abstracts: Mo and Mo. Politics or paranoia
- Abstracts: Planners disagree over new housing guidance. Magnificent seven to decide on architecture champion
- Abstracts: Sale concluding for Jakarta port stake. Sri Lanka privatizes Colombo port. South Australia OKs casino sale