Creating and Expanding Trade Partnerships Within the Chicago Metropolitan Area: Applications Using a Miyazawa Accounting System

Geoffrey Hewings, Yasuhide Okuyama and Michael Sonis

Chapter 2 in Regional Science in Business, 2001, pp 11-35 from Springer

Abstract: Abstract Consider the following scenario; a business news report highlights the discovery of a new country in which wage and salary income amounts to slightly less than $10 billion. This country has escaped notice by entrepreneurs since very little was known about it — including its location. In addition, the news report continues that a second country with purchasing power exceeding $8 billion has been found close by. How could this be possible in an age of globalization, internet, and rapid diffusion of information? The cause for these countries being overlooked is due, in part, to lack of information about their location but the greater problem is due to casual dismissal of the size of their markets — based on little or no information.

Keywords: Income Flow; Export Share; Location Quotient; Shopping Trip; Total Region (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1007/978-3-662-04625-8_2

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