This lecture, as presented by Luis Cabral, will focus on an important historical case: the development of the US automobile industry during the first decades of the 20th century. He suggests that the rise of Detroit is less due to the oft-trumpeted "snow-ball" effect of agglomeration economies than to particular local conditions, namely input availability. He will also discuss comparisons to other countries, as well as implications for economic development policy. Cabral is Paganelli-Bull Professor of Economics and International Business at New York University’s Stern School of Business, where he chairs the Department of Economics.
All are welcome.
For more information regarding this lecture visit the Kellogg Institute for International Studies.