Geography 2420A/B Lecture Notes - Lecture 10: Sand Hill Road, Logical Volume Management, Sweatshop
21 Dec 2019
School
Department
Course
Professor
Document Summary
Continued importance of being there"; physical presence; close proximity to talent n capital; how overtime, certain places become associated w/ certain forms of economic activity reputational effect" / place to be"; 1. both mechanical & mathematical models used to calculate least cost location . Weight-gaining: toward market: also introduced variable labour cost: firms would locate close to a source of cheap labour if saving/unit of production > increasing in transportation costs incurred by moving. Baking: clustering offers further economies for firms that take part in it: 1. internal econ: accrued w/in a firm by producing at larger volumes/"economies of scale". 2. external (cluster): derived from connections to other firms & organizations. Proximity reduces the transaction costs of transportan", communican", info exchange & searching: tendencies to agglomerate are inherent in both post-fordism production variants: Small firm complexes of flexible specialization model require close contact w/ nearby suppliers to facilitate fine-grained division of labour btw firms.
