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Cost Minimizing / Weberian Location Theory

Geography of production systems / regional economic structure. Cost Minimizing / Weberian Location Theory. Revenue-Maximizing / Central Place Theory. Urban hierarchy / systems of cities. Economies of Scale. Inter-regional trade Outcomes. Organization & Dynamics – Product Cycle.

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Cost Minimizing / Weberian Location Theory

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  1. Geography of production systems / regional economic structure Cost Minimizing / Weberian Location Theory Revenue-Maximizing / Central Place Theory Urban hierarchy / systems of cities Economies of Scale Inter-regional trade Outcomes Organization & Dynamics – Product Cycle Transportation Regional convergence Regional divergence / Cumulative causation Agglomeration Economies Urbanization economies Problem Regions re: Jacobs Localization economies Inter-industry effects (Chinitz) Knowledge spillovers (Jacobs) Regional development & evolution a la North

  2. “Classic” Regional Development / Location Theory: “Old Wine” Entrepreneurship / Small Firms Networks Rise of service work Rise of the multinational corporation Education Premium Cultural geography of places “Creative Capital” Spatial division of labor Institutions & Embeddedness Internalization of competitive advantage Externalization of competitive advantage Universities / Governance challenges Upgrading / Learning / Modes of Contracting / “Pipelines” Trust & Social Capital Clusters / Industrial Districts Local / Cluster advantages / externalities Global Production Networks Buzz RIS “Infrastructure” & “Superstructure” “Variable Geometry” hypothesis NIDL hypothesis Re-emergence of regional economies hypothesis

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