The Wealth of Nations at the Turn of the Millennium
A Classification System Based on the International Division of Labor
Bibliographic Data
| ID | 4040773 |
|---|---|
| Authors | Wolfgang Hoeschele (Truman State University, corresponding author) |
| Year | 2002 |
| Volume | 78 |
| Issue | 2 |
| Pages | 221 |
| Publication date | 2002-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic Geography (JOURNAL) |
| Journal identifiers | ISSN: 0013-0095 • E-ISSN: 1944-8287 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/4140788 |
| OpenAlex | W4234471363 |
| Language | EN |
| References cited | 28 |
Simple dichotomies, such as First World-Third World, developed-developing countries, and north-south, are no longer adequate for understanding the complex economic geography of the world. Even the division into core, semi-periphery, and periphery groups diverse economies into an excessively limited number of categories. It is time to develop a new scheme that better classifies the countries of the world into coherent groups. This article constructs a new classification based on the international division of labor, using three fundamental dimensions. The first dimension is the success of the industrial and services economy in providing employment to the people within a country. The second is the export orientation of a country, concentrating either on natural-resource-intensive products (e.g., agricultural produce, food and beverages, minerals and metals) or on core industrial manufactures (from textiles to computers). The third is the presence of control functions in the world economy: countries that include the headquarters of major firms and are the source regions of major flows of foreign direct investments. The combination of these three dimensions leads to the creation of eight basic categories. I introduce a terminology that combines these basic categories into larger groups, depending on the context. This new conceptual scheme should facilitate a more informed analysis of world economic, political, social, and environmental affairs
Arithmetic · Biology · Business · Context (archaeology) · Developing country · Dichotomy · Dimension (graph theory) · Division (mathematics) · Division of labour · Economic geography · Economic growth · Economic system · Economics · Economy · Geography · International trade · Market economy · Natural resource · Political science · Politics · Terminology · Turn (biochemistry) · World economy · Global trade and economics · Global Urban Networks and Dynamics · International Development and Aid · Mathematics · Regional Economics and Spatial Analysis
The geography of the world-economy
The State of population theory
Where we stand
Keywords (Routledge Revivals)
Rebuilding the Global City
Predatory Rule
The Informal Economy
Development as Freedom
Unequal Development
The Paradox of Plenty
Dissent on Development
Encyclopedia of the Third World
Global cities
World city formation
Dissent on Development
Predatory Rule. State and Civil Society in Africa
The Capitalist City
The Bangladesh Fertility Decline
A World of Difference
Encountering Development
Seeing Like a State
Varieties of Environmentalism
Culture and Imperialism
Semi-peripheral countries and the contemporary world crisis
| Citation velocity | historical |
|---|---|
| Highly cited | No |