Christian Zeller (Bern)

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<b>
Elements of a geography of capitalism
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Pages 215 - 230


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Despite the variety of new approaches economic geography developed
        rather one-sided in the past decade. The regional and the firm lenses
        hardly enabled to recognize how economic processes and political power
        relations interact on different scales. These empirical deficits also
        express a restricted theoretical base. The approaches of the new &#8220;regional
        orthodoxy&#8221; claim to explain conditions of an improved competitiveness
        of firms and of regions. However, many socially relevant and spatially
        differentiated problems are ignored. In contrast, this paper argues for
        an integrative understanding of the capitalist economy in its historical
        dynamics and with its reciprocal effects for actors on various scales.
        In the course of neoliberal deregulation policies and globalization processes,
        a finance-dominated accumulation regime
        emerged in the USA which shapes the economy on a global scale. Institutional
        investors gained decisive control over investments. The political power
        relations and hierarchies between states remain important. Therefore,
        the paper suggests a shift of economic geographical research. In the perspective
        of an integrative geography of capitalism the paper outlines a research
        agenda of a geography of accumulation, a geography of production as well
        as a geography of power.

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