The New Oxford Handbook of Economic Geography

Description

The first fifteen years of the 21st century have thrown into sharp relief the challenges of growth, equity, stability, and sustainability facing the world economy. In addition, they have exposed the inadequacies of mainstream economics in providing answers to these challenges. This volume gathers over 50 leading scholars from around the world to offer a forward-looking perspective of economic geography to understanding the various building blocks, relationships, and trajectories in the world economy. The perspective is at the same time grounded in theory and in the experiences of particular places. Reviewing state-of-the-art of economic geography, setting agendas, and with illustrations and empirical evidence from all over the world, the book should be an essential reference for students, researchers, as well as strategists and policy makers. Building on the success of the first edition, this volume offers a radically revised, updated, and broader approach to economic geography. With the backdrop of the global financial crisis, finance is investigated in chapters on financial stability, financial innovation, global financial networks, the global map of savings and investments, and financialization. Environmental challenges are addressed in chapters on resource economies, vulnerability of regions to climate change, carbon markets, and energy transitions. Distribution and consumption feature alongside more established topics on the firm, innovation, and work. The handbook also captures the theoretical and conceptual innovations of the last fifteen years, including evolutionary economic geography and the global production networks approach. Addressing the dangers of inequality, instability, and environmental crisis head-on, the volume concludes with strategies for growth and new ways of envisioning the spatiality of economy for the future. Cover The New Oxford Handbook of Economic Geography Dedication Preface Acknowledgements List of Figures List of Tables List of Editors List of Abbreviations List of Contributors Introduction Economic Geography in the Twenty-first Century Part I Grounded in Place Global Prospects: The Asian Century? Inequality in Advanced Economies Income Inequality and Growing Disparity The Emerging Transformation of China’s Economic Geography Economic Growth and Poverty Reduction in Contemporary India Crisis and Austerity in Action: Greece Part II Conceptual Foundations Economic Growth and Economic Development: Geographical Dimensions, Definition, and Disparities Heterodoxy as Orthodoxy: Prolegomenon for a Geographical Political Economy Relational Research Design in Economic Geography Behaviour in Context Evolutionary Economic Geography Institutions, Geography, and Economic Life Part III Innovation Economic Ecosystems How Geography Shapes—and Is Shaped by—the Internet Schumpeterian Customers? How Active Users Co-create Innovations The Geography of the Creative Industries: Theoretical Stocktaking and Empirical Illustration Firms in Context: Internal and External Drivers of Success Part IV The Firm The Logic of Agglomeration Network Geographies and Geographical Networks: Co-dependence and Co-evolution of Multinational Enterprises and Space The Logic of Production Networks Global Sourcing of Business Processes: History, Effects, and Future Trends Towards New Economic Geographies of Retail Globalization Corporate Social Responsibility and Standards Part V Work Pluralizing Labour Geography Precarious Work and Winner-Take-all Economies Talent, Skills, and Urban Economies Immigration and the Politics of Skill Part VI Finance Finance and Financial Systems: Evolving Geographies of Crisis and Instability The Global Financial Networks Information Flows, Global Finance, and New Digital Spaces ‘Organic Finance’: The Incentives in Our Investment Products Financialization of Everyday Life Infrastructure and Finance Part VII Resources and the Environment The Financialization Thesis Revisited: Commodities as an Asset Class Vulnerable Regions in a Changing Climate Carbon Markets: Resource Governance and Sustainable Valuation Long-run Resource Scarcity Reconceptualizing Resource Peripheries Outside Regional Paths: Constructing an Economic Geography of Energy Transitions Part VIII Strategies for Development Green Growth Pursuing Equitable Economic Growth in the Global South Just Growth: Strategies for Growth with Equity Policy Through Practice: Local Communities, Self-Organization, and Policy Innovation Highways and the Geography of Inclusive Growth Shocking Aspects of Regional Development: Towards an Economic Geography of Resilience Author Index Subject Index