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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Spatial Economics for Building Back Better: The Japanese Experience

Spatial Economics for Building Back Better: The Japanese Experience

Fujita, Masahisa
Hamaguchi, Nobuaki
Kameyama, Yoshihiro

Paperback

Series: Economics, Law, and Institutions in Asia Pacific

Business GeneralGeneral Political ScienceGeography

ISBN10: 9811649537
ISBN13: 9789811649530
Publisher: Springer Nature
Published: Oct 19 2022
Pages: 329
Weight: 1.09
Height: 0.73 Width: 6.14 Depth: 9.21
Language: English

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.

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