What Have We Learned?

Mario Polèse

in The Wealth and Poverty of Regions

Published by University of Chicago Press

Published in print February 2010 | ISBN: 9780226673158
Published online February 2013 | e-ISBN: 9780226673172 | DOI:
What Have We Learned?

More Like This

Show all results sharing this subject:

  • Economic Development and Growth


Show Summary Details


This chapter looks at the general explanation of why some places are wealthier than others. There has been a recurrent contest between general laws and particular circumstances, with the latter victorious more often than not. If there is anything to be learned it is that actual growth and decline is unconventional. Distance and small size may be the chief constraints to growth for one place; while for another it may be its negative industrial legacy. Grand theories will constantly be overturned by troublesome exceptions. This chapter explains that beneath the fortune there are unavoidable forces at work, which drive economic activity and people towards particular places. The lessons for developing and emerging economies are unambiguous. Economic growth will inevitably produce urbanization and urban concentration. Attempting to halt either is futile. Regional differences in wealth will emerge, most notably during the early years of development. A nation in which all places grow equally is impossible.

Keywords: regional differences; economic growth; urbanization; urban concentration; emerging economies; developing economies

Chapter.  6637 words. 

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.