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What is Economies of Agglomeration

Chapter 14
Migration and Urbanization: Local Solutions for Global Economic Challenges
Used in urban economics to describe the benefits that firms obtain by locating near each other (‘agglomerating’). This concept relates to the idea of economies of scale and network effects. Simply put, as more firms in related fields of business cluster together, their costs of production may decline significantly (firms have competing multiple suppliers, greater specialization and division of labor result). Even when competing firms in the same sector cluster, there may be advantages because the cluster attracts more suppliers and customers than a single firm could achieve alone. Cities form and grow to exploit economies of agglomeration.
Published in Chapter:
Functional Effectiveness and Modern Mechanisms for National Urban Systems Globalization: The Case of Russia
Denis Ushakov (International College Suan Sunandha Rajabhat University, Thailand & Russian Academy of National Economy and Public Administration–South, Russia) and Alexey Arkhipov (South Federal University, Russia)
Copyright: © 2020 |Pages: 18
DOI: 10.4018/978-1-7998-0111-5.ch014
Abstract
Cities' transformation into active actors of international economic relations, and their participation in international competition forms a complex of problems with efficiency of the relationships between business and government, global competitive advantages of urban economies, quality of municipal governance, development and international integration of the urban system of the modern countries (including Russia). This chapter examines a development of the modern features of the urban system in Russia, analyzes its macroeconomic indicators, actual problems, and evaluates various scenarios for the development of both individual urban economies and the entire urban system of Russia.
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