Learning about economic geography « Mostly Economics

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; allowing for the vagaries of purchasing power parity estimates as well as GDP comparisons between very different eras, China today appears to have roughly the same level of per capita GDP as the United States at the beginning of the 20th century.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.

Learning about economic geography « Mostly Economics

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