New Geographical Economy

NEW GEOGRAPHICAL ECONOMY2

NewGeographical Economy

CourseName

Departmentof the Course

City,State

NewGeographic Economy

Thegeographicaleconomyisa verybroadfieldthat tendsto usemanydifferentmethodologies.Themethodologies facilitatestudyingof theeconomicphenomenain thedistinctapproachof theworld.Theeconomicgeographyis a branchof theanthropologythat tendsto focuson theregionalsystemsof thehumaneconomyactivity.Economicgeographyhas sub-disciplines that includegeographyof agriculture,geographyof finance,geography,orresourcesandgeographyof industry.

Theeconomicgeographyrefersto thestudyof thedistribution,locationandthespatial organizations.Theorganizationfeaturesactivitiesin theentireworld.Thefieldmoreof representthetraditionalsubfields of the geographicaldisciplines.Recently,manyeconomistsapproachthefieldin a moretypicalway.Theeconomicgeographyconsists of varietiesmanydifferentmatters.Theyare limitedto industriallocations,transportation,economiesof agglomeration, development,internationaltrade,realestateandtheethnic economies.Consequently, thefieldcoreperipherytheoryincorporate economiesof theurbanformandtherelationshipbetween theeconomyandenvironmentandmoreof globalization1.

Theoreticalbackground

Newgeographicaleconomystronglyinfluencestheresearcher’s methodological approaches.Accordingto Neoclassical locationtheory,thefocuson theindustriallocationtendsto usequantitative methods.Thebroadreactionsagainst neoclassical approachtendto havechangedthedisciplinesignificantly since 1970s. TheMarxist politicaleconomyseemsto growout of theworkof Harvey David. Consequently, theneweconomicgeographytakesinto accountcultural,socialandtheinstitutional factorsin thespatial of theeconomy2.

Economistssuchas, Jeffrey Sachs andthePaulKrugmantendto analyzethemanytraitsthat relateto theeconomicgeography.Krugman goesfurtherin callingtheapplicationof thespatial thinkingtowards theinternationaltradetheory.Thetheoryreflectson theneweconomicgeographyandmoreof directlycompeteswith theapproachthat is within thisgeographicaldiscipline.Lipman positsthat,thenamegeographicaleconomymoreof suggestan alternative.

Historyof New Geographical Economics

Economicgeographyis an influenceof manytheories.Thesetheoriesarisemainlyfrom geographyandeconomics.Scholarsrevealthatthefirsttracesof thespatial aspectsof theeconomicactivitiesseemto occurin theseven Chinese maps.Themapdatesto 4th centuryBC. Thescienceof thecartography relativelydevelopstheilluminationof geographers. Itentailsmanyaspectsthat are in usein thetoday’sfield.Theearliesttraveljournalincludesthedescriptionsof climate,nativepeople,landscapeandtheproductivityof thevariouslocations3.

TheWorld War II playsa significant role intheknowledgeof geographicaleconomy.Thepost-war economicscontributedto thegrowthof theeconomicgeographyas a realdiscipline(May,2013).Theoriessuchas theWalter Christaller’s, thecentralplacetheorytendto elaborateon theperipheryandthecore.Similarly,thecontemporaryeconomicgeographers specializein sectorssuchas spatial analysisandthelocationtheory.Theyusethetheoriesin explanationof thegeographyof transportation,marketresearch,regionalandglobal development,andplanningon internet geographyandinnovations.4

Bibliography:

Elwood,Sarah, Michael F. Goodchild, and Daniel Z. Sui. &quotResearchingvolunteered geographic information: Spatial data, geographicresearch, and new social practice.&quot Annalsof the Association of American Geographers102, 3, (2012): 571-590.

Lipman,Pauline. Thenew political economy of urban education: Neoliberalism, race, andthe right to the city.New York: Taylor &amp Francis, 2011.

May,Christopher. TheGlobal Political Economy of Intellectual Property Rights: The New Enclosures?London: Routledge, 2013.

Wallerstein,I. Themodern world-system I: capitalist agriculture and the origins ofthe European world-economy in the sixteenth century, with a newprologue.California: California Press.

1 May, Christopher. The Global Political Economy of Intellectual Property Rights: The New Enclosures? London: Routledge, 2013.

2 Elwood, Sarah, Michael F. Goodchild, and Daniel Z. Sui. &quotResearching volunteered geographic information: Spatial data, geographic research, and new social practice.&quot Annals of the Association of American Geographers 102, 3, (2012): 571-590.

3Wallerstein, I. (2011). The modern world-system I: capitalist agriculture and the origins of the European world-economy in the sixteenth century, with a new prologue. California: California Press.

4Lipman, Pauline. The new political economy of urban education: Neoliberalism, race, and the right to the city. Taylor &amp Francis, 2011.