Where economic activity will locate in the future is one of the most important and challenging questions in economics. Progress in technology, changes in demand and moves towards a liberal economic policy and international economic integration create new challenges for theorists, policymakers...

Where economic activity will locate in the future is one of the most important and challenging questions in economics. Even though advances in technology have reduced the cost of transport and communication which has curtailed the "distance penalty" for business operations, local proximity of...