Summary Since partition, the economic strength of the north and the south have gone into reverse.
Neoclassical location theoristsfollowing in the tradition of Alfred Webertend to focus on industrial location and use quantitative methods. Since the s, two broad reactions against neoclassical approaches have significantly changed the discipline: Marxist political economy, growing out of the work of David Harvey ; and the new economic geography which takes into account social, cultural, and institutional factors in the spatial economy.
Economists such as Paul Krugman and Jeffrey Sachs have also analyzed many traits related to economic geography. Krugman called his application of spatial thinking to international trade theory the "new economic geography", which directly competes with an approach within the discipline of geography that is also called "new economic geography".
Ancient writings can be attributed to the Greek geographer Strabo 's Geographika compiled almost years ago. As the science of cartography developed, geographers illuminated Explain the economic impact tourism has aspects used today in the field; maps created by different European powers described the resources likely to be found in American, African, and Asian territories.
The earliest travel journals included descriptions of the native peoples, the climate, the landscape, and the productivity of various locations. These early accounts encouraged the development of transcontinental trade patterns and ushered in the era of mercantilism.
World War II contributed to the popularization of geographical knowledge generally, and post-war economic recovery and development contributed to the growth of economic geography as a discipline.
During environmental determinism 's time of popularity, Ellsworth Huntington and his theory of climatic determinismwhile later greatly criticized, notably influenced the field.
Other influential theories include Walter Christaller 's Central place theorythe theory of core and periphery. Schaefer 's article "Exceptionalism in geography: A Methodological Examination", published in the American journal Annals of the Association of American Geographersand his critique of regionalism, made a large impact on the field: Contemporary economic geographers tend to specialize in areas such as location theory and spatial analysis with the help of geographic information systemsmarket research, geography of transportation, real estate price evaluation, regional and global development, planning, Internet geographyinnovation, social networks.
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 as well as local economic development. Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population and economic activity shift, what patterns of regional specialization and localization evolve over time and what factors explain these changes.
Evolutionary economic geography adopts an evolutionary approach to economic geography. More specifically, Evolutionary Economic Geography uses concepts and ideas from evolutionary economics to understand the evolution of cities, regions, and other economic systems.
Behavioral economic geography examines the cognitive processes underlying spatial reasoning, locational decision making, and behavior of firms  and individuals.
Economic geography is sometimes approached as a branch of anthropogeography that focuses on regional systems of human economic activity. Spatiotemporal systems of analysis include economic activities of region, mixed social spaces, and development.
Alternatively, analysis may 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.economic impact of tourism The major benefit of tourism for a region or country is economic as it provides an opportunity for job creation and generation of revenue at international, national.
Tourism industry has contributes to the economic growth of a country through factors like industrialization, education, advance technology, higher number of qualified professionals, opening up of. There is also value in the World Cup for FIFA – it is the principle revenue earner for football’s world governing body.
Over the four-year period up to the tournament, FIFA reported a “positive result” (note: FIFA reports do not refer to “profit”) of US$m. At the end of the next four year period in to , this figure had risen to US$ million. Jul 27, · The Economic Impact Report by the World Travel & Tourism Council indicates that the industry generates one out of 10 jobs worldwide, growing at a pace that outperforms employment in the global economy for the sixth consecutive year.
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Positive and negative economic impacts of tourism There are both positive and negative effects on communities related to the economic impacts of tourism in their communities.   A positive impact can refer to the increase in jobs, a higher quality of life for locals, and an increase in wealth of an area.