By I. Kuroiwa
A entire photograph of the results of monetary integration on place in much less constructed East Asia - quite in Cambodia, Laos, Vietnam, and Myanmar - who pursued exchange liberalization and financial integration after the Nineteen Nineties. reports comprise specified empirical analyses of nearby destinations in addition to state overviews.
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Extra resources for Economic Integration and the Location of Industries: The Case of Less Developed East Asian Countries
Ways to Think about Urban Concentration: Neoclassical Urban Systems versus the New Economic Geography,” International Regional Science Review, 19(1 & 2), pp. 31–36. Krugman, Paul. 1980. “Scale Economies, Product Differentiation, and the Pattern of Trade,” American Economic Review, 70(5), pp. 950–959. Ikuo Kuroiwa 13 —— 1991. “Increasing Returns and Economic Geography,” Journal of Political Economy, 99(3), pp. 483–499. Krugman, Paul and Raul Livas Elizondo. 1996. “Trade Policy and the Third World Metropolis,” Journal of Development Economics, 49, pp.
Since their model specifications, especially those for the centrifugal force, differ from those of Krugman and Elizondo (1996) and its variants (Alonso-Villar 1999, 2001; Mansori 2003), their models lead to different conclusions. e. the pull of a dispersed rural market), and lowering international transportation costs then induces the concentration of economic activities in the core. Note that in the core–periphery model, if interregional transportation costs are low, firms located in the periphery confront competition from the large market more directly, so that remaining in the periphery is not profitable.
As a result, these metropolises are not only the most populated cities (with substantial forces for agglomeration) but are also close to frontier regions. It is, therefore, possible that industries have been even more attracted to these regions after trade liberalization. In contrast, the capital of Cambodia, Phnom Penh, is located inland, so that different forces may work to disperse industrial activities away from Phnom Penh. • Vietnam shares borders with three countries—China, Laos, and Cambodia—but the impact of China’s economy appears overwhelmingly large.
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