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Essay text:
In this model it is held that a strong economic core will emerge, centralising tendencies will promote rapid growth in the core at the expense of surrounding peripheries. The forces of concentration that promote core growth are known as polarization effects – the core grows at the expense of the periphery. The core then absorbs four critical development factors: Capital, labour, innovation and services. Capital investment is brought into the core, which slows periphery growth; younger and more educated workers are attracted to the core; innovation inside the core brings about new and improved industries and finally; the cores fast growth creates a more service rich environment, attracting future investment ...
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