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Recent approaches in economic geography reflect a significant shift from traditional models focused solely on location, cost, and spatial efficiency to more integrative, interdisciplinary, and dynamic perspectives. These modern approaches emphasize the roles of culture, institutions, networks, innovation, and power relations in shaping economic landscapes. Below are some of the most notable recent approaches in economic geography: 1. New Economic Geography (NEG): Developed primarily by Paul Krugman in the 1990s, the New Economic Geography integrates neoclassical economics with spatial analysis. It uses mathematical modeling to explain spatial concentration of economic activity, _________ ___ ______ ___ _______ _________ ____.
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