Working Paper

Rethinking Economic Growth in a Globalizing World : An Economic Geography Lens

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collection.link.122
https://openknowledge.worldbank.org/handle/10986/4397
collection.name.122
Commission on Growth and Development
dc.contributor.author
Venables, Anthony J.
dc.date.accessioned
2017-08-28T20:43:19Z
dc.date.available
2017-08-28T20:43:19Z
dc.date.issued
2008
dc.date.lastModified
2017-12-13T13:07:05Z
dc.description.abstract
This paper argues that cumulative causation processes are fundamental to understanding growth and development. Such processes derive from spatially concentrated increasing returns to scale including thick market effects, knowledge spillovers, sectoral and urban clustering, and self-reinforcing improvements in physical and social infrastructure. These sources of agglomeration have been extensively analyzed in the economic geography literature. They imply that spatial unevenness in economic activity and incomes is an equilibrium outcome. Growth tends to be 'lumpy,' with some sectors in some countries growing fast while other countries lag. The policy challenge is to lift potential new centers of economic activity to the point where they can reap the productivity and investment climate advantages of increasing returns and cumulative causation.
en
dc.identifier
http://documents.worldbank.org/curated/en/919071468340169554/Rethinking-economic-growth-in-a-globalizing-world-an-economic-geography-lens
dc.identifier.uri
http://hdl.handle.net/10986/28041
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Commission on Growth and Development Working Paper;No. 18
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
AVERAGE COSTS
dc.subject
BID
dc.subject
CAPITAL INVESTMENTS
dc.subject
CHECKS
dc.subject
CHLORINE
dc.subject
CLIMATE CHANGE
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVE MARKET
dc.subject
CONSUMERS
dc.subject
COORDINATION FAILURE
dc.subject
COORDINATION FAILURES
dc.subject
COUNTRY CASE
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT PRACTITIONERS
dc.subject
DIMINISHING RETURNS
dc.subject
DIMINISHING RETURNS TO SCALE
dc.subject
DIVISION OF LABOR
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC BENEFITS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GEOGRAPHY
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC LITERATURE
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC PROCESSES
dc.subject
ECONOMIC PROGRESS
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC REVIEW PAPERS
dc.subject
ECONOMIC THEORY
dc.subject
ECONOMICS
dc.subject
ECONOMIES OF SCALE
dc.subject
EMPIRICAL WORK
dc.subject
EMPLOYMENT
dc.subject
ENVIRONMENTAL
dc.subject
EQUILIBRIUM
dc.subject
EQUIPMENT
dc.subject
EXPORT DIVERSIFICATION
dc.subject
EXPORT GROWTH
dc.subject
EXPORTS
dc.subject
EXTERNALITIES
dc.subject
EXTERNALITY
dc.subject
FACTOR ENDOWMENTS
dc.subject
FACTOR MARKETS
dc.subject
FEDERAL RESERVE
dc.subject
FEDERAL RESERVE BANK
dc.subject
FINANCIAL SECTOR
dc.subject
FISCAL POLICIES
dc.subject
FOREIGN MARKET
dc.subject
FOREIGN MARKETS
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GENERAL EQUILIBRIUM
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL MARKETS
dc.subject
GLOBALIZATION
dc.subject
GOVERNMENT INVESTMENT
dc.subject
GOVERNMENT SPENDING
dc.subject
GREENHOUSE GASES
dc.subject
GROWTH PROCESS
dc.subject
GROWTH PROSPECTS
dc.subject
GROWTH THEORY
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTIONS
dc.subject
INCOME GROWTH
dc.subject
INCOME LEVELS
dc.subject
INCREASING RETURNS
dc.subject
INCREASING RETURNS TO SCALE
dc.subject
INDUSTRIAL POLICY
dc.subject
INDUSTRIALIZED COUNTRIES
dc.subject
INFORMAL ECONOMY
dc.subject
INNOVATION
dc.subject
INTERMEDIATE GOODS
dc.subject
INTERMEDIATE INPUTS
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INTERNATIONAL ECONOMICS
dc.subject
INTERNATIONAL TRADE
dc.subject
INVESTING
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT CLIMATES
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MOBILITY
dc.subject
LEVEL PLAYING FIELD
dc.subject
LONG RUN
dc.subject
LONG-RUN GROWTH
dc.subject
LOW-INCOME COUNTRIES
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMICS
dc.subject
MARKET ACCESS
dc.subject
MARKET FAILURES
dc.subject
MARKET MECHANISM
dc.subject
MARKET MECHANISMS
dc.subject
MARKET SIZE
dc.subject
MONETARY FUND
dc.subject
MULTIPLE EQUILIBRIA
dc.subject
NATURAL RESOURCES
dc.subject
NPL
dc.subject
OPPORTUNISTIC BEHAVIOR
dc.subject
PECUNIARY EXTERNALITIES
dc.subject
PER CAPITA INCOME
dc.subject
POLICY CHANGE
dc.subject
POLICY IMPLICATIONS
dc.subject
POLICY INSTRUMENT
dc.subject
POLICY INTERVENTION
dc.subject
POLICY ISSUES
dc.subject
POLICY MAKERS
dc.subject
POLICY MEASURES
dc.subject
POLICY RESPONSES
dc.subject
POLITICAL ECONOMY
dc.subject
POLLUTION
dc.subject
POVERTY REDUCTION
dc.subject
PRICE CHANGES
dc.subject
PRICE DIFFERENCES
dc.subject
PRO-POOR
dc.subject
PRO-POOR GROWTH
dc.subject
PRODUCERS
dc.subject
PRODUCT DIFFERENTIATION
dc.subject
PRODUCT MARKETS
dc.subject
PRODUCTION PATTERNS
dc.subject
PRODUCTION PROCESS
dc.subject
PRODUCTIVITY
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC GOODS
dc.subject
PUBLIC SECTOR
dc.subject
RAPID GROWTH
dc.subject
RECIPROCAL EXTERNALITIES
dc.subject
RELATIVE INCOME
dc.subject
RENTS
dc.subject
RETURN
dc.subject
RULE OF LAW
dc.subject
SCALE EFFECTS
dc.subject
SECTOR ACTIVITY
dc.subject
SECURE PROPERTY RIGHTS
dc.subject
SUPPLIERS
dc.subject
TERMS OF TRADE
dc.subject
THEORETICAL MODELS
dc.subject
TRADE BARRIERS
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADE POLICY
dc.subject
TRADING
dc.subject
VALUE ADDED
dc.subject
WAGE RATES
dc.subject
WAGES
dc.subject
WORLD INCOME DISTRIBUTION
dc.title
Rethinking Economic Growth in a Globalizing World
en
dc.title.subtitle
An Economic Geography Lens
en
dc.type
Working Paper
en
okr.date.disclosure
2010-11-25
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/919071468340169554/Rethinking-economic-growth-in-a-globalizing-world-an-economic-geography-lens
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20101125233722
okr.identifier.internaldocumentum
13162519
okr.identifier.report
57718
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/919071468340169554/pdf/577180NWP0Box353766B01PUBLIC10gcwp018web.pdf
en
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
International Economics and Trade :: Globalization and Financial Integration
okr.topic
Macroeconomics and Economic Growth :: Economic Development
okr.topic
Macroeconomics and Economic Growth :: Spatial and Local Economic Development

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