World Economy – Macro-scale Global Triad – US, Western Europe, East Asia –85% manufacturing output –81% merchandise trade –80% FDI originates here –concentration increased in past twenty years East Asia – fastest growing region –Post-war period – Japan –Post 1980 – China

World Economy – Meso World Economy – Meso Scale

World Economy – MesoScale World Economy – Meso Scale

World Economy – Micro- scale Urban clusters – agglomerations Urban Hierarchy – rank/size and function of urban places Centre-periphery relationships between urban and rural areas

Summary Production, trade and FDI are quantitative measures of the global economy Global economic map more complicated than 50 years ago Core economies still dominate, but most spectacular growth in NIEs of East Asia Extent of global shift very uneven More geographically limited than sometimes claimed Global economy – a mosaic of unevenness in a continuous state of flux Mosaic made up of processes which operate and manifest themselves at different scales