Why Places Prosper: Checkpoint 1

Quick checkpoint - five questions on regional differences, economic geography, left-behind places, place-based policy and convergence.

Question 1 of 5 What is path dependence in regional economics?

Regions always change quickly Past events and early advantages shape regions for a long time Roads determine all growth All regions become equal

Early industries and institutions tend to attract more activity.

Question 2 of 5 What did Paul Krugman's new economic geography explain?

Why activity spreads perfectly evenly How increasing returns, transport costs and mobile workers create cores and peripheries Why farming disappears Why cities never grow

Krugman won the Nobel prize in 2008 partly for this work.

Question 3 of 5 Why is recovery slow in left-behind places?

Because people there do not want jobs Because of skills mismatches, limited mobility and outmigration of young people Because governments ban new firms Because they have too many jobs

Decline can last for decades.

Question 4 of 5 What did research find about the Tennessee Valley Authority?

It had no effect It led to lasting gains in local manufacturing employment It destroyed the regional economy It only affected farming

National gains were smaller, as some gains came from other regions.

Question 5 of 5 How have Indian states behaved in terms of convergence in recent decades?

Poorer states always grew fastest They have tended to diverge, with richer states often growing as fast or faster All states have identical incomes Only poor states grew

Differences in governance, infrastructure and education contribute.

← Back to Border Regions and Cross-Border Economies Next lesson → The Rural-Urban Divide

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