Journal Article

Accumulation in advanced economies: spatial, technological, and social frontiers

Carol E. Heim

in Cambridge Journal of Economics

Published on behalf of Cambridge Political Economy Society

Volume 20, issue 6, pages 687-714
Published in print November 1996 | ISSN: 0309-166X
Published online November 1996 | e-ISSN: 1464-3545 | DOI: https://dx.doi.org/10.1093/oxfordjournals.cje.a013645
Accumulation in advanced economies: spatial, technological, and social frontiers

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In the 1970s and 1980s, the UK had a more serious problem of declining industrial regions than did other advanced economies. It lacked opportunities for three types of frontier growth: spatial, technological and social. By contrast, the US had relied heavily on extending the spatial boundaries of its system of cities. West Germany (and Japan) reaped gains available through technological frontier growth. Japan, a highly dualistic economy, shifted social frontiers-incorporating new workers into, and ejecting old workers from, employment by capitalist firms. Successful accumulation depends on an economy's ability continually to redraw its boundaries.

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Subjects: Economics ; Political Economy ; Economic Sociology

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