GEOG 216 Lecture Notes - Externality

• School: McGill University
• Department: Geography
• Course: GEOG 216
• Professor: Geraldine Akman

Document Summary

Labour force in place, skilled ppl available, easier to find. By being located in same place, there is a lot of info transfer, instits bring ppl together. Ppl rotating in + out of firms constantly meeting ea/other. Lots of ties b/w ppl, they talk, info exchange b/w firms. When firms close to ea/other, lower transportation costs. Gov regulations, place where ppl hang out perpetuate agglomerations. May buy s/thing b/c brand name b/c it was made in silicon valley. Ex: can only call small product champagne if it"s produced in specific place. Ex: smoke produced fr/factory, housing gets too expensive as it gets busier, traffic.