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Lecture 4

GGR221 Lecture 4.pdf

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Romila Verma

GGR221 Lecture 4▯ ▯ - Each site embedded in horizontal spatial structure implying relations of domination and subordination in the space economy▯ - Also incorporated into vertical structures containing traces of domination and subordination from previous rounds of investment▯ - Some authors see this as a process of structural determinism - place fed different hands▯ I wish i knew what she is talking about though but i think its continuation of Lecture 3▯ ▯ - i.e. Warde thinks of this in terms of a geological metaphor - as fixed▯ - However, both Gregory and Massey argue that place is not passive in this process▯ - legacy of past waves influences future waves of investment▯ - two way process space and investment▯ ▯ Path Dependence▯ - recently these ideas extended through theories of path dependence▯ - emphasizes how difficult it is for regions to overcome spatial divisions of labour▯ - how inherited routines and institutions shape way regions respond to challenges▯ ▯ Ex. QWERTY Keyboard. We know its worse, but nobody wants to use a different one▯ ▯ - early decisions reverberate, close alternative paths▯ - 'lock-in' to a particular way of doing things even if its not the best way▯ - ruptures▯ ▯ Summary: ▯ - history of industrialization - five distinct periods - Kondratieff waves▯ - each spanning 50 years▯ - each associated with dominant industries, tech, enterprise▯ - particular place is a product of different waves of investment and the role it plays in the broader spatial division of labour▯ - Two-way relationship b/w place and capital investment▯ ▯ ▯ Lecture 4▯ - Future evolution of a place is path and place dependent▯ ▯ Fordism and French Regulation Theory▯ - explores how crisis tendencies in capitalism are contained --> (producing more than is demanded)▯ - examine industrial development in post-war period or 'wave' 1945-1995 "Fordism"▯ ▯ French Regulation School▯ - first developed in the 1970 and 1980▯ - French economist Michel Aglietta and Alain Lipietz▯ - Capitalism is inherently crisis prone and in characterized by fundamental contradiction▯ - How does capitalism resolve inherent crisis tendencies and achieve long periods of growth and stability?▯ - Regime of Accumulation: long term stabilization b/w production and consumption▯ - Mode of Regulation: set of internalized rules and social procedures which hold a regime together▯ - laws, norms, mores, values, forms, gov intervention, family and other institution▯ - major crisis indicate that the mode of regulation is not adequate to a regime of accumulation (outdated forms of regulation)▯ - or potential of a regime of accumulation exhausted▯ - mode of regulati
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