Profit Cycles, Oligopoly, and Regional Development

Profit Cycles, Oligopoly, and Regional Development PDF Author: Ann R. Markusen
Publisher: MIT Press (MA)
ISBN: 9780262132015
Category : Business & Economics
Languages : en
Pages : 357

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Book Description
The dramatic shifts in heartland regional economies in the U.S. and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth, economic well being, and balanced regional development. This book develops a theory that radically reconceptualizes the economic forces producing regional change and tests it empirically for a set of fifteen sectors in the U.S. It offers a pioneering approach which should enable planners and managers to better cope with baffling changes in the current economic viability of regions. Traditional theories of regional development have failed to account for innovation and longrun structural change. They have ignored the role of corporate strategy and the existence of market power. Markusen's "profit-cycle theory" provides a key to understanding how, why, and when a region's leading industries undergo major changes. The theory is synthetic, building upon Schumpeterian and Marxist work on innovation and capitalist dynamics, upon the product cycle theories of business economists, and upon theories of oligopolistic behavior. Markusen argues that changing sources of profitability along an industry's evolutionary path will first concentrate and later disperse production geographically, setting in motion a methodically destabilizing process for regional economies. The profit-cycle theory is tested in depth against the steel sector's experience over a century, and against the experiences of sectors in different stages of development, ranging from innovative ones like semiconductors and computers, to mature and troubled sectors like automobiles, textiles, and lumber. The temporal and crosssectional data drawn from the census of manufactures support the theory and its spatial hypotheses. In a final chapter Markusen explores the implications of the research for regional development. Ann Markusen is Assistant Professor, Department of City and Regional Planning, University of California, Berkeley.

Profit Cycles, Oligopoly, and Regional Development

Profit Cycles, Oligopoly, and Regional Development PDF Author: Ann R. Markusen
Publisher: MIT Press (MA)
ISBN: 9780262132015
Category : Business & Economics
Languages : en
Pages : 357

Get Book Here

Book Description
The dramatic shifts in heartland regional economies in the U.S. and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth, economic well being, and balanced regional development. This book develops a theory that radically reconceptualizes the economic forces producing regional change and tests it empirically for a set of fifteen sectors in the U.S. It offers a pioneering approach which should enable planners and managers to better cope with baffling changes in the current economic viability of regions. Traditional theories of regional development have failed to account for innovation and longrun structural change. They have ignored the role of corporate strategy and the existence of market power. Markusen's "profit-cycle theory" provides a key to understanding how, why, and when a region's leading industries undergo major changes. The theory is synthetic, building upon Schumpeterian and Marxist work on innovation and capitalist dynamics, upon the product cycle theories of business economists, and upon theories of oligopolistic behavior. Markusen argues that changing sources of profitability along an industry's evolutionary path will first concentrate and later disperse production geographically, setting in motion a methodically destabilizing process for regional economies. The profit-cycle theory is tested in depth against the steel sector's experience over a century, and against the experiences of sectors in different stages of development, ranging from innovative ones like semiconductors and computers, to mature and troubled sectors like automobiles, textiles, and lumber. The temporal and crosssectional data drawn from the census of manufactures support the theory and its spatial hypotheses. In a final chapter Markusen explores the implications of the research for regional development. Ann Markusen is Assistant Professor, Department of City and Regional Planning, University of California, Berkeley.

Deindustrialization and Regional Economic Transformation

Deindustrialization and Regional Economic Transformation PDF Author: Lloyd Rodwin
Publisher: Routledge
ISBN: 1351594133
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
Originally published in 1989. This major book deals with deindustrialization and regional economic transformation in five regions of the USA: the industrial Midwest, the South, California, New England, and the New York metropolitan region. Four perspective studies then connect these diverse experiences to intra-metropolitan spatial adjustments, growth prospects for industry and services, and evolving regional theory and policy. An overview chapter sums up the main themes, common denominators and differences and some puzzles and unresolved issues. All concerned with the industrial and regional evolution of the USA – geographers, economists, planners, policy-makers, will find this authoritative survey useful.

Uneven Development and Regionalism

Uneven Development and Regionalism PDF Author: Costis Hadjimichalis
Publisher: Taylor & Francis
ISBN: 113578549X
Category : Political Science
Languages : en
Pages : 270

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Book Description
Published in the year 1986, Uneven Development and Regionalism is a valuable contribution to the field of Geography.

US Economic History Since 1945

US Economic History Since 1945 PDF Author: Michael French
Publisher: Manchester University Press
ISBN: 9780719041853
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
Since 1945 the US economy has evolved from an expanding consumer society in which affluence was more widely distributed than ever before. Mike French's volume examines the principal economic developments and social changes in the US since 1945, including those in business, regional dynamics, protest movements, and population distribution. Social movements based on the civil rights demands of African-Americans, ethnic minorities, and women are also examined. The elements of continuity to pre-1945 trends and the points of departure, notably in the post-1970 period, are discussed to provide a more complete examination than previously available.

Articulations of Capital

Articulations of Capital PDF Author: John Pickles
Publisher: John Wiley & Sons
ISBN: 1118632893
Category : Social Science
Languages : en
Pages : 320

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Book Description
Articulations of Capital offers an accessible, grounded, yet theoretically-sophisticated account of the geographies of global production networks, value chains, and regional development in post-socialist Eastern and Central Europe. Proposes a new theorization of global value chains as part of a conjunctural economic geography Develops a set of conceptual and theoretical arguments concerning the regional embeddedness of global production Draws on longitudinal empirical research from over 20 years in the Bulgarian and Slovakian apparel industries Makes a major intervention into the debate over the economic geographies of European integration and EU enlargement

Technology, Regions, and Policy

Technology, Regions, and Policy PDF Author: John Rees
Publisher: Rowman & Littlefield
ISBN: 9780847674091
Category : Business & Economics
Languages : en
Pages : 350

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Book Description
Technology, Regions, and Policy examines the links between technological change, regional development, and government policy. This timely book provides a synthesis of recent scholarship-the results of original research projects carried out by a distinguished group of academics. It explores the complex questions of how high-technology areas develop, the factors influencing the spread of industrial technology, and the impact of technological change on labor creation and displacement.

Marx, Schumpeter, and Keynes

Marx, Schumpeter, and Keynes PDF Author: Suzanne Wiggins Helburn
Publisher: Armonk, N.Y. : M.E. Sharpe
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 370

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Book Description


Theories of Endogenous Regional Growth

Theories of Endogenous Regional Growth PDF Author: Börje Johansson
Publisher: Springer Science & Business Media
ISBN: 3642595707
Category : Business & Economics
Languages : en
Pages : 431

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Book Description
During the last two decades a new growth theory has emerged - often labelled "endogenous economic growth". The contributions in the book develop these advances into a theoretical framework for endogenous regional economic growth and explain the implications for regional economic policies in the perspective of the new century. Endogenous growth models can reflect increasing returns and hence refer more adequately to empirical observations than earlier models, and the models become policy relevant, because in endogenous growth models policy matters. Such policies comprise efforts to stimulate the growth of knowledge intensity of the labour supply and knowledge production in the form of R&D.

New Models in Geography

New Models in Geography PDF Author: Richard Peet
Publisher: Routledge
ISBN: 1134998376
Category : Science
Languages : en
Pages : 856

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Book Description
Two decades after the publication of the seminal Models in Geography, edited by Richard Chorley & Peter Haggett, this major collection of specially commissioned essays charts the new human geography from the perspective of political economy. Providing surveys of recent trends in theory, bibliographic guides to the literature, and pointers to advances and frontiers in thinking, the book ranges from cultural to economic and urban geography. The authors explore the connections between political economy and geographical thought in each area, with the emphasis lying on the processes of material production and social reproduction.

International Mobility, Global Capitalism, and Changing Structures of Accumulation

International Mobility, Global Capitalism, and Changing Structures of Accumulation PDF Author: Anthony P. D'Costa
Publisher: Routledge
ISBN: 1317357256
Category : Political Science
Languages : en
Pages : 419

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Book Description
International mobility is not a new concept as people have moved throughout history, voluntarily and forcibly, for personal, familial, economic, political, and professional reasons. Yet, the mobility of technical talent in the global economy is relatively new, largely voluntary, structurally determined by market forces, and influenced by immigration policies. With over a decade’s worth of extensive research in India, Japan, Finland, and Singapore, this book provides an alternative understanding of how capitalism functions at the global level by specifically analyzing the international movement of technical professionals between India and Japan. There are three factors that inform this study: the services transition away from manufacturing, the movement of technical professionals in the world economy, and the demographic crisis facing Japan. The dynamics of changing capitalism are examined by theorizing the emergence of the services sector in the USA and Japan, analyzing the pronounced social inequality in India that is the basis for the global supply of highly skilled technical professionals, and providing considerable empirical data on the flows of professionals to these two countries to indicate Japan’s institutional inflexibility in accommodating foreign talent. The author anticipates that Japanese industry will shed some of its institutional rigidity due to the pressures of competition and the scarcity of technical professionals. Providing a wealth of information on the topic of international mobility, this book is an essential addition for scholars and students in the field of International Development, Business Studies, Asian Studies, Migration Studies, and Political Economy.