"... new economic geography has a kind of steampunk feel, so that the stories it tells seem more suited to the U.S. economy of 1900 than that of 2010. Well, China is an economic powerhouse, but it’s still quite poor; .., China today appears to have roughly the same level of per capita GDP as the United States at the beginning of the 20th century.(Via Brad Delong)
And guess what? Chinese economic geography is highly reminiscent of the economic geography of advanced nations circa 1900 – and it fits gratifyingly well into the new economic geography framework."
Sunday, April 18, 2010
"The new economic geography, now middle-aged" by Krugman
Krugman's talk at the Association of American Geographers. (It happened two days ago. Oh boy, I do love the internet). Highly interesting, especially when he argues that NEG is still useful to understand contemporary issues:
Labels: Regional Economics