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Accumulation in advanced economies: spatial, technological, and social frontiers
*University of Massachusetts Amherst
Abstract
In the 1970s and 1980s, the UK had a more serious problem of declining industrial regions than did other advanced economies. It lacked opportunities for three types of frontier growth: spatial, technological and social. By contrast, the US had relied heavily on extending the spatial boundaries of its system of cities. West Germany (and Japan) reaped gains available through technological frontier growth. Japan, a highly dualistic economy, shifted social frontiers-incorporating new workers into, and ejecting old workers from, employment by capitalist firms. Successful accumulation depends on an economy's ability continually to redraw its boundaries.
Manuscript received February 14, 1994; final version received November 22, 1995.
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