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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, such as why industries cluster in urban regions. NEG highlights the role of increasing returns to scale, transportation costs, and market access in shaping regional development. This approach has been influential in policy-making and urban planning. 2. Evolutionary Economic Geography (EEG): This approach applies principles _____ ________ ________ ___ ____ _____ _______ __________ ____ __________.
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