Kenkichi Nagao & Junya Tatemi (2024)
In Rainer Diaz-Bone & Guillemette de Larquier (eds.), Handbook of economics and sociology of conventions. Cham: Springer, Online first

Abstract. Despite the notion that “The world is flat,” “The world is curved” with uneven geographical development. Why does contemporary capitalism simultaneously or paradoxically exhibit trends of globalization and localization? Why do economic wealth and opportunities differ across regions? The economics and sociology of conventions (in short EC/SC) provide a perspective on understanding the dynamics of regional development. The contributions of EC/SC to regional studies are fourfold. First, this approach integrates economic and noneconomic factors to explain linkages and coordination between actors. Second, it indicates that regions are the fundamental unit of economic life that contribute to the dynamics of capitalism but are not just an outcome of the maximization of individual behaviors. Third, this approach extends valuation perspectives on regional studies to examine the dynamics of industrial changes by penetrating different subjects, from coordination to market construction. Furthermore, through the concept of the “power of valuation,” regional studies with the EC/SC perspective have revealed uneven geographical development. Shifts in research from focusing on “traded interdependencies” on interfirm linkages to “untraded interdependencies” on actors’ relationships have caused a broader trend of “relational turn” in the field of economic geography and regional studies. This chapter presents findings obtained using a realistic approach based on EC/SC to examine the “black box” in regional development studies.
OpenEdition vous propose de citer ce billet de la manière suivante :
GdL (15 juin 2024). Regional Development: How Convention Theory Explains Economic Development. Économie des conventions. Consulté le 7 février 2026 à l’adresse https://doi.org/10.58079/11u0o