By Kieran P. Donaghy (auth.), Professor Russel Cooper, Professor Kieran Donaghy, Professor Geoffrey Hewings (eds.)
Globalization is affecting local economies in a wide spectrum of elements, from exertions industry stipulations and improvement rules to weather switch. to appreciate larger how this works, we want either conceptual and methodological contributions. we want new schemes to arrange our considering, direct our cognizance, and body notion experiments at the foundation of which tips should be provided. And we'd like methodological techniques that allow us to hold out reports and idea experiments at degrees of spatial and temporal solution and formal complexity sufficient to trap and account for the phenomena that symbolize globalization. The chapters of this quantity, written by means of a world solid of eminent nearby scientists, signify contributions of either kinds, in lots of situations introducing and demonstrating using new instruments for interpreting and knowing huge, immense adjustments underway in local economies round the world.
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Extra resources for Globalization and Regional Economic Modeling
Sample text
Changing technology is leading to traditionally non-tradable goods also being able to be traded across regions – perhaps the starkest example of this is the outsourcing of call centers to India. 3 Changing Spatial Labor Markets The previous section has dealt with structures in the traded goods market. A second and equally important set of structures are those in the labor market. Although models have moved on somewhat from the assumption of full market clearing, implying that there will always be adjustment to full employment equilibrium, they are still dominated by rather simple adjustment mechanisms which do not always reflect the reality of modern labor markets.
For example, one of the most significant causes of congestion in urban areas in the UK is the journey to school; although there are several reasons for the increase in car based journeys to school, increasing flexibility over working hours on the part of parents is one contributory factor. 4 Defining Regions The essential message of the two preceding sections is that the concept of the region itself is much less clear than assumed in traditional modeling approaches. We observe in effect numbers of overlapping regional structures defined by differentiated products and markets for individual skills, constrained and conditioned by changing household structures, housing markets and changing technologies affecting production, modes of working, modes of living and modes of travel and trans- Transportation, Globalization, and the Changing Concept of the Region 41 port.
The key indicator of this is that inter-regional trade, previously dominated by inter-industry trade, is now predominantly intra-industry in character. But it also has ramifications for labor markets and labor mobility, for housing markets and how they relate to the distribution of employment, and for transport markets. ∗ Revised version of a paper presented in the ‘Globalization and Regional Economic Modeling’ Theme at the World Congress of the RSAI, Port Elizabeth, South Africa, April 2004 36 R.
