[Book Cover]

Global Economy in Transition, The, 2/e

Brian J. Berry, University of Texas, Dallas
Edgar C. Conkling, SUNY Buffalo
D. Michael Ray, SUNY Buffalo

Published October, 1996 by Prentice Hall Engineering/Science/Mathematics

Copyright 1997, 498 pp.
ISBN 0-13-505264-5

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This introductory text thoroughly explores the processes now driving globalization, their consequences for the structure of the world economy, and the concepts needed to understand what is unfolding.


NEWEmphasizes transition — the replacement of a global system that prevailed until 1980 by a new world order driven by both technological and political forces.
NEW—Draws together systematically the current understanding of the radical shifts now underway in the international economy, including the newly emergent theories of location and of trade.
NEWReshapes the text into 12 chapters organized around the theme of globalization.
NEW—Ch. 1 explores the role of political and technological changes in the worldwide triumph of markets, the role of multinational enterprise in the process of globalization, and the emergent bases of competitive advantage.
NEW—Ch. 2 examines the declining role of the nation-state and the continuing reinforcement of cultural differences at both civilizational and regional scales.
NEW—Chs. 3-5 focus on the declining role of the original factors of production, population and resources, in global development.
NEW—Chs. 6-10 present the resulting shifts in locational choice and regional specialization:

  • Elementary price theory leads to a discussion of rents, to the decline of Thünenization in the face of plummeting transportation cost, and to the ascendance of Ricardian Development in a world of created resources.
  • Elementary comparative cost theory leads to a discussion of scale and externalities and to the role of increasing returns in the new geography of concentration.
  • Elementary long-wave theory leads to a discussion of the role of the new information technologies in corporate downsizing, to the emergence of decentralized networks of interdependent specialists, and to the appearance of the world of telework.
NEW—Chs. 11-12 consider the consequences of increasing specialization and interdependence — the new forms of global transactions that are replacing the older geography of world trade.
NEW—Defines all terms in a glossary.
Provides objectives, boxed highlights, lists of terms, suggested readings, and discussion topics for each chapter.

Table of Contents
    1. The Forces Promoting Globalization.
    2. The Factors Reinforcing Regionalization.
    3. Population: The Ultimate Resource.
    4. Food Supplies: A Limit to Growth?
    5. Energy, Minerals, and the Environment.
    6. Price and Other Mechanisms for Regulating Exchange.
    7. Rent Gradients, Land Use, and the Structure of Global Systems.
    8. Comparative Costs and the Geometry of Industrial Location.
    9. Scale, Externalities, and Agglomeration: The Evolving Structure of Global Industry.
    10. Technology Transitions and Patterns of Growth.
    11. Patterns and Dynamics of Global Economic Transactions.
    12. Trade Regimes and Global Development.


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