Urban development in the global periphery: The consequences of economic and ideological globalization

Globalization has two elements: economic globalization refers to the integration of global markets, while ideological globalization refers to the political ideas that underlie the spread of markets, trade, and democracy. Economic globalization is limited in its reach in the developing world: some ci...

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Bibliographic Details
Published inThe Annals of regional science Vol. 37; no. 3; pp. 357 - 367
Main Author Chakravorty, Sanjoy
Format Journal Article
LanguageEnglish
Published Heidelberg Springer Nature B.V 01.09.2003
Subjects
Cities
Democracy
Developing countries
Economic integration
Economics
GDP
Global economy
Globalization
Gross Domestic Product
High income
Ideology
International trade
LDCs
Low income groups
Purchasing power parity
Regional studies
Regions
Social exclusion
Urban development
World market
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Summary:Globalization has two elements: economic globalization refers to the integration of global markets, while ideological globalization refers to the political ideas that underlie the spread of markets, trade, and democracy. Economic globalization is limited in its reach in the developing world: some cities have done well; some, despite not being globalized, have regional importance; and large regions and numerous cities have been bypassed. Ideological globalization, on the other hand, is far more widespread from an intellectual and a policy perspective. The tenets of ideological globalization are likely to work further to the relative detriment of the cities/regions in the global periphery. This is a "cumulative causation" argument that raises questions about the development prospects of peripheral regions.
Bibliography:ObjectType-Article-2
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ISSN:0570-1864
1432-0592
DOI:10.1007/s00168-003-0158-5