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The third circuit of the spatial economy: Determinants of public policy in Latin America
Author(s) -
ValenzuelaAguilera Alfonso
Publication year - 2019
Publication title -
regional science policy and practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.342
H-Index - 8
ISSN - 1757-7802
DOI - 10.1111/rsp3.12174
Subject(s) - formality , latin americans , phenomenon , perspective (graphical) , intersection (aeronautics) , element (criminal law) , regional science , identification (biology) , economic geography , economy , geography , political science , economics , cartography , computer science , physics , botany , quantum mechanics , artificial intelligence , law , biology
This study aims to explore the intersection between the formal, the informal and the illegal economy from a spatial perspective, arguing that the conjunction of these dimensions has had a substantial impact on the territory, creating large grey areas where local economic relationships are transformed by global market dynamics. Although the phenomenon of informality and its relationship with formality has been widely studied, the present study introduces a third element, allowing the resulting complexity among the three circuits to be examined, and, thereby, enabling the identification of the spatial transformations that take place in Latin American cities.