Abstract
The ‘global economy’ is increasingly perceived as a catch-all phrase. It evokes vastly divergent emotions ranging from resentment and anger over poverty and sustainability to pride and admiration over technological progress and human ingenuity. For all its fuzziness (Markusen, 1999), globalization does however convey two major shifts that pervade much of the economic and spatial change taking place in the world economy. The first relates to the notion of scale. Whether distance has died or simply been minimized (Cairncross, 1997), globalization has redrawn the limits on spatial interaction. The second relates to the seamlessness of the world economy. Globalization has led to the obliteration or neglect of borders. A truly global economy implies the unfettered flows of people, goods and services for whom regional or national boundaries are increasingly irrelevant.
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Felsenstein, D., Schamp, E.W., Shachar, A. (2002). Emerging Nodes in the Global Economy: An Introduction. In: Felsenstein, D., Schamp, E.W., Shachar, A. (eds) Emerging Nodes in the Global Economy: Frankfurt and Tel Aviv Compared. The GeoJournal Library, vol 72. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1408-2_1
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DOI: https://doi.org/10.1007/978-94-017-1408-2_1
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