Economic geography is the study of the location, distribution and spatial organization of economic activities across the world. It represents models in geography pdf traditional subfield of the discipline of geography. However, many economists have also approached the field in ways more typical of the discipline of economics.
The subject matter investigated is strongly influenced by the researcher’s methodological approach. Neoclassical location theorists, following in the tradition of Alfred Weber, tend to focus on industrial location and use quantitative methods. Economists such as Paul Krugman and Jeffrey Sachs have also analyzed many traits related to economic geography.
Krugman called his application of spatial thinking to international trade theory the “new economic geography”, which directly competes with an approach within the discipline of geography that is also called “new economic geography”. The name geographical economics has been suggested as an alternative. Some of the first traces of the study of spatial aspects of economic activities can be found in seven Chinese maps of the State of Qin dating to the 4th century BC.