The Coming Break-up of National Economies?
Capitalism cannot be confined to fixed geographic terms; it has always found ways to go beyond territorial boundaries in search of new sources of raw materials, labor, investment opportunities, and new markets. Because of this, world trade has continued to grow. After experiencing major economic depression and extreme political instability, major capitalist economies have seemed to shift from internationalisation to globalisation. This chapter discusses some historical events that may have contributed to this shift. Also, this chapter presents the interrelationships of the size of national economies, the openness of economies to trade and other such factors, and also presents the implications of these interrelationships. This chapter concentrates on the changing patterns of intra-national and international spatial relationships that are relevant in understanding the origin of capitalism.
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