GEOG 148 Lecture Notes - Lecture 7: Tacit Knowledge, Instruction Set, Cappuccino
Document Summary
Knowledge not produced everywhere at the same rate. Growth theory establishes connection btwn economic performance and knowledge/innovation. Might suspect that if you take data from one point in time, we can fix time and look over space and see how parts of the world differ in terms of economic performance. To understand differences in growth, have to look at technological variations (generally the key difference) Second map: spatial distribution is more concentrated than is gdp. Shows how much r&d is occurring in diff countries and how much r&d is increasingly exported. Knowledge production is being spread out more than it was before. Background: we generally think of inputs in the production process as localized or ubiquitous (found everywhere) M&m are saying that stuff that is localized over time is rendered ubiquitous (in terms of globalization) Ubiquitification: moving from localized inputs to ubiquitous inputs (increasingly found around the world) Traditional argument as to why firms exist = transaction costs.
