Economic Geography
This is a new sub-discipline of economics and deals with the location and distribution of economic activities worldwide. Specifically, it tries to examine and explain in a logical way how social and cultural factors affect the economy of a particular place or region or country. It examines the effects of location (geography) on important economic aspects such as the trend towards globalization, international trade, gentrification, urban reforms and linkages. It is an exciting and interesting new field of study although most people think of economics as nothing more than hair-splitting of an already well-researched field. This new-found interest in theoretical research is led by 2008 Economics Nobel Prize winner Paul Krugman who is an internationally famous economist, columnist, author, lecturer, and professor. The award was given in recognition of his pioneering work in spatial economy studies (often termed as economic geography) that links and explains economics, international trade and international finance with geography.
Bush meets Krugman