Urban Decay

Exurban Migration

Govenrment Fragmentation and Property Taxes

Two Explainations for Inner City Poverty

1. Deindustrializaiton

• Deindustrialization
• Exurban Migration
• Housing Crisis
• Disinvestment
• Gentrification
• School Funding
• Health Care
• Crime Rates (perceived and real)
• Employment Mismatch

2. Welfare Dependency

Externalities
Positive and Negative Externalities
Positive or Negative for Whom?

The Geography of Externalities

Actions Taken in Relation to Externalities

Accessibility of Services and Amenities

Assignment For Next Time

Read pg. 386-395 Come to class with a basic understanding of the following concepts and ideas: Foreign direct investments, why trade occurs. Production factors, economic environment, opportunities and ability to trade, competitiveness, classical trade theory, theory of comparative advantage, Heckscher-Ohlin theory, factor-price equalization, critiques of trade theory, increasing returns to scale, free trade, terms of trade, competitive advantage, factor conditions, demand conditions.