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Locational restructuring and financial crises
2000
Structural Change and Economic Dynamics
Since 1800, modern economic growth has caused an unprecedented locational restructuring of economies experiencing rapid economic development, a redistribution of population from farms and villages to towns and cities. In free market economies of the past, this urbanization process occurred in Kuznets cycles, averaging 15 -25 years in duration. During these cycles, real investment typically occurred in a two-stage sequence -investment in a new production technology followed by investment in
doi:10.1016/s0954-349x(99)00027-2
fatcat:nbifsmipwjexfataiyzdxuvjwi