The City-Region a challenge to globalization
Pérez-Toro, José Alberto
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To the extent that globalization proceeds, increased external demand will require the mobility of production factors and the specialization in intensive technology production, which covers several areas of knowledge to meet the great needs of the global markets. The result of this emerging historical strength will prompt institutional changes and proclaim rational actions of investment and innovation in the production centers to transform their level of specialization. In this way, the centers of regional production, such as Bogota and its neighboring areas or large national capitals and its area of influence will have to adapt to new production processes, to meet the requirements that are attributed to the change of external demand. In this global environment, production for reasons of competition tends to be more specialized and geared to the production of goods with higher added value. A rigorous analysis of empirical samples resulting from the opening of the economy and the figures of foreign competition, as noted by the theoretical devices, suggests that the national economy experienced progressive convergence in signs as evidenced by found development indicators. The so-called convergence theory considers that at various stages of globalization the sources of capital and labor or shipping costs, show results that indicate that the convergence speed increases after making investments in infrastructure, education, and technological change. In an open economy historical forces and the movement of production factors, tend to move the production function and lead to a change in the slope of the function of growth. The test commonly accepted convergence sigma which refers to the standard deviation of the dispersion of income per capita or regional product shows a slight decrease as time passes. And convergence beta which is an index that shows the speed of convergence of the product of poor regions tend to grow faster than the prosperous in some particular cases. Analyzed evidence also points to comply with the postulates presented by authors such as von Thünen or Weber as occurred during the 19th century and according to the model of Sala -i- Martin also recorded signs of convergence.
Link to resourcehttps://revistas.utadeo.edu.co/index.php/RAI/article/view/895
- Año 2013 
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