The New Industrial Spaces: Locational Logic of a New Production Era
Author(s)
Henry, Nick
Abstract
The New Industrial Spaces theory was examined to help explain the appearance of uneven development in advanced capitalist societies. The theory claims, through the use of transactions cost analysis, that special agglomeration of high technology industry is a signal of the new geography of production. An empirical analysis of Britain’s Hertfordshire county revealed that the transactions cost mechanism is just but one of the many processes behind the growth of high technology industrial agglomeration.
