Accumulation in Advanced Economies: Spatial, Technological, and Social Frontiers

Carol E Heim

Cambridge Journal of Economics, 1996, vol. 20, issue 6, 687-714

Abstract: In the 1970s and 1980s, the U.K. 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 United States 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. (c) 1996 Academic Press Limited Copyright 1996 by Oxford University Press.

Date: 1996
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