Book contents
- The Cambridge Economic History of the Modern World
- The Cambridge Economic Historyof the Modern World
- The Cambridge Economic History of the Modern World
- Copyright page
- Contents
- Figures
- Tables
- Contributors to Volume II
- Introduction to Volume II
- Part I Regional Developments
- Part II Factors Governing Differential Outcomes in the Global Economy
- 12 Healthy, Literate, and Smart
- 13 Proximate Sources of Growth
- 14 Underlying Sources of Growth
- 15 Underlying Sources of Growth
- 16 Living Standards, Inequality, and Human Development
- 17 Trade and Immigration
- 18 International Finance
- 19 War and Empire
- Index
- References
14 - Underlying Sources of Growth
First and Second Nature Geography
from Part II - Factors Governing Differential Outcomes in the Global Economy
Published online by Cambridge University Press: 03 June 2021
Book contents
- The Cambridge Economic History of the Modern World
- The Cambridge Economic Historyof the Modern World
- The Cambridge Economic History of the Modern World
- Copyright page
- Contents
- Figures
- Tables
- Contributors to Volume II
- Introduction to Volume II
- Part I Regional Developments
- Part II Factors Governing Differential Outcomes in the Global Economy
- 12 Healthy, Literate, and Smart
- 13 Proximate Sources of Growth
- 14 Underlying Sources of Growth
- 15 Underlying Sources of Growth
- 16 Living Standards, Inequality, and Human Development
- 17 Trade and Immigration
- 18 International Finance
- 19 War and Empire
- Index
- References
Summary
We provide evidence that both ‘first nature’ and ‘second nature’ geography matter for long-run growth. This is complemented with two new case studies on Japan and European regions over the entire twentieth century, which allow us to sharpen our focus on the role of geography, given that institutional and cultural differences within countries will be more limited than across countries. Both case studies suggest that second nature geography is essential. In the last decades, metropolitan regions around the capital cities grew faster, while others, including many former industrial regions, started to fall behind. On a global level, this is mirrored in an increasing role for market access. This evidence ties into Baldwin’s idea of the two ‘unbundlings’ of production since 1800.
- Type
- Chapter
- Information
- The Cambridge Economic History of the Modern World , pp. 382 - 417Publisher: Cambridge University PressPrint publication year: 2021
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