Approaches To Study
As the economic geography is a very broad discipline with economic geographers using many different methodologies in the study of economic phenomena in the world some distinct approaches to study have evolved over time:
- Theoretical economic Geography focuses on building theories about spatial arrangement and distribution of economic activities.
- Regional economic geography examines the economic conditions of particular regions or countries of the world. It deals with economic regionalization, and local economic development as well.
- Historical economic geography examines history and the development of spatial economic structure. Using historical data it examines how the centers of population and economic activity shift, what patterns of regional specialization and localization evolved over time and what factors explain these changes.
- Critical economic geography is approach from the point of view of contemporary critical geography and its philosophy.
- Behavioral economic geography which examines the cognitive processes underlying spatial reasoning, locational decision making, and behavior of firms and individuals.
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Economic geography is a branch of anthropo-geography that focuses on regional systems of human economic activity. An alternative description of different approaches to the study of human economic activity can be organized around spatiotemporal analysis, analysis of production/consumption of economic items, and analysis of economic flow. Spatiotemporal systems of analysis include economic activities of region, mixed social spaces, and development. Alternatively, analysis can focus on production, exchange, distribution and consumption of items of economic activity. Allowing parameters of space-time and item to vary, a geographer may also examine material flow, commodity flow, population flow and information flow from different parts of the economic activity system. Through analysis of flow and production, industrial areas, rural and urban residential areas, transportation site, commercial service facilities and finance and other economic centers are linked together in an economic activity system.
Read more about this topic: Economic Geography
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