Technological progress and economic policies have enabled many economic activities to become highly mobile. A crucial question in contemporary economics therefore concerns where they will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model and providing important theoretical and concrete insights.
Throughout this book, Miroslav N. Jovanović uses evolutionary concepts to analyse the behaviour of a multitude of players in the economic arena, from individuals to firms, institutions and industries, considering the ways in which they act, react, interact, adapt and change over time. Jovanović begins with a thorough exploration of the theory underpinning his arguments and the history of the subject. Chapters then apply these concepts to an examination of current topics, including the supply chain economy, market structures, globalisation, international firms and regional policies, creating a strong argument for the importance and utility of an evolutionary model and illuminating areas of future enquiry.
This book will be crucial reading for students and scholars working in economic geography, international economics and development, business studies and management. Policymakers will also appreciate its insights into recent developments and relevant policy suggestions.
'Standard textbook theory places productive activity on the head of a pin while using technology that is either given or changing exogenously. Miroslav Jovanović shows that much light can be shed on many economic issues by departing from these unreal assumptions and allowing for the spatial dispersion and the evolution of the agents of economic activity.'
– Richard Lipsey, Simon Fraser University, Canada
'Theories, data and methods in economics have improved massively over the last three decades. Yet, we are still at a loss in explaining how many economic problems unfold and affect us. A different approach to economic analysis is urgently needed. This is precisely what Miroslav Jovanović does in Evolutionary Spatial Economics. He blends evolutionary economics with spatial analysis to provide an exciting framework to understand how different economies change and react to shocks. Essential for all those wanting to understand transformation in our turbulent world.'
– Andrés Rodríguez-Pose, London School of Economics, UK
'Economics has faced harsh economic situations here and there for the last decade, and responding to these challenges strengthens the discipline from new perspectives. Miroslav Jovanović has long been endeavouring to combine theoretical perspectives and real world phenomena of economic geography through an evolutionary approach, rather than a neo-classical equilibrium one. This new book, Evolutionary Spatial Economics, upgrades his life's work to extend the international trade model with supply chain analysis, and to evaluate globalisation from a spatial and institutional viewpoint.'
– Ken-ichi Ando, Shizuoka University, Japan
'After a couple of decades of easy talk about the "death of distance" in the age of globalization, the promise of a world of rising living standards for all is increasingly confronted by the resilience of regional disparities within countries. In his book Evolutionary Spatial Economics, Miroslav Jovanović offers an alternative perspective on the origins of such resilience that boldly tries to challenge the mainstream in spatial economics.'
– Gianmarco Ottaviano, Bocconi University, Italy
'Evolutionary Spatial Economics addresses, from a new perspective, some of the most fascinating economic questions of our time: why do firms locate where they do? Why do some firms locate abroad? Why do some regions attract many investments (and others do not)? The spatial location of firms remains one of the most complex and economically relevant phenomena of our time. This book, using a number of fascinating examples, models, and different theoretical lenses, offers new insights into this phenomenon. It will surely be worth reading by scholars in the field, but also by students, managers and policy makers.'
– Antonio Majocchi, University of Pavia, Italy
'Through the lens of an evolutionary approach to economics and economic geography, this book provides a fascinating insight on an old and recurring economic problem, that of the location choice of economic activities. This book elegantly offers perspectives that open the mind for thinking outside the traditional theoretical box and for searching for innovative solutions.'
– Roberta Capello, Politecnico di Milano, Italy
Miroslav N. Jovanović, Dušan Sidjanski Centre of Excellence in European Studies, Global Studies Institute, University of Geneva, Geneva, Switzerland.