Basic features of the evolution of the world economy

Résumé du document

Knox bases his analysis on the core-periphery framework, the core mostly being the traditional triad (USA, Europe, Japan) and the periphery, most of the other nations in the world. However, this statement would not be complete if it was not for the semi-periphery highlighted by Knox where changes are fast and crucial to the planet's economic geography. Knox describes the evolution of the world geographical economy as going through different stages from the emergence of the core economies to the more recent transnational integration. Throughout this process, three main features are to be emphasized: the rise of core economies, the special transformation of the periphery and finally the adjusting to a new global economy. Before describing what the rise of core economies implies in terms of geographical economics, it is important to locate the core. The author includes the ex-USSR into the core economies but makes it clear that it is somewhat of a special case. Given what happened since the fall of the Berlin wall these economies are going through a transitional period putting them back within the "semi-periphery" category. As stated before, the core is made up of Japan, North America and Western Europe.

Extraits

[...] The Geography of the World Economy. London: Arnold Publishers, pg Maddison, A. (2001). The World Economy: A Millennial Perspective. Paris: OECD, p Maddison, A. (2001). The World Economy: A Millennial Perspective. Paris: OECD, p. 126. [...]

[...] This table shows how wealth spread from the core to other nations in the world throughout the last millennium explaining how the core managed to form and the way it spilled over other regions. Levels of Per Capita GDP and Interregional Spreads, 1000-1998 (1990 international dollars) Bibliography Knox, P., Agnew, J., (1994). The Geography of the World Economy. London: Arnold Publishers. Maddison, A. (2001). The World Economy: A Millennial Perspective. Paris: OECD. Knox, P., Agnew, J., (1994). The Geography of the World Economy. London: Arnold Publishers, pg Knox, P., Agnew, J., (1994). [...]

[...] The second feature of the world economy described by Knox is the spatial transformation of the periphery. The changes previously described within the core later affected the periphery following a “process of dispersion” that “challenged the static picture of a ‘fixed' industrial core and a ‘fixed' non industrial periphery”[2] Western techniques reached new countries by waves from Japan to South America and the Far East. A whole new range of countries cannot be considered as the “periphery” anymore as their features are similar to those of the former core. [...]

[...] Knox highlights some basic features of the evolution of the world economy. Identify and describe three of the key features by giving special attention to the spatial dimensions of this evolution Knox bases his analysis on the core-periphery framework, the core mostly being the traditional triad (USA, Europe, Japan) and the periphery most of the other nations in the world. However, this statement would not be complete if it was not for the semi- periphery highlighted by Knox where changes are fast and crucial to the planet's economic geography. [...]