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Spatial Economics for Building Back Better

Spatial Economics for Building Back Better

The Japanese Experience

by Masahisa FujitaNobuaki Hamaguchi and Yoshihiro Kameyama
Hardback
Publication Date: 18/10/2021

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The central theme of this book is national land and infrastructure design in the age of the declining population and the recovery from the Great East Japan Earthquake in the affected regions in Japan. Based on the theory of spatial economics and evidence from Japanese history, the authors show that the growing economy with a population increase develops into a multi-cored and complex structure. In the population decline phase, however, such construction will be destabilized because of agglomeration economies in the central core. Then, a catastrophic shock that strikes may provoke the decline of the lower-rank-size provincial cities and their eventual disappearance if they compete only in lower prices of staple products. Not only is the practice bad for the residents; it also leads to lower national welfare resulting from the loss of diversity and overcrowded big cities. The authors argue that small local towns can recover and will be sustained if they will endeavor in innovative production by making good use of local natural resources and social capital. Under the ongoing declining population in Japan, an undesirable concentration in Tokyo will proceed further with increasing social cost and risk. The recent novel coronavirus pandemic has highlighted that concern.
ISBN:
9789811649509
9789811649509
Category:
Political economy
Format:
Hardback
Publication Date:
18-10-2021
Language:
English
Publisher:
Springer Verlag, Singapore
Country of origin:
Singapore
Pages:
329
Dimensions (mm):
235x155mm
Weight:
0.69kg

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