ABSTRACT

During the last two decades, diverse spatial processes and various forms of economic practices have evolved in the global society because of the progress of global megatrends. Economic spaces are dynamic and cannot be organized by a single criterion of economic rationality. Most theories deal with only a segment in terms of the major actors, processes, mediators, and spatial and temporal aspects of the economic spaces and thus cannot fully explain the complex and dynamic realities of economic spaces. Therefore, an integrated theoretical framework of the dynamics of economic spaces in the global knowledge-based economy is developed in this chapter. The integrated theoretical framework considers the global megatrends, innovation systems, roles of various economic actors, various spatial forces that affect changes in economic spaces, and mediators of the changes of economic spaces. The major forms of dynamic economic spaces that result from dynamic processes are discussed with diverse examples from the East Asian countries. Thus, this chapter contributes to setting the theoretical frameworks in understanding the dynamic global economic spaces and spatial disparity in the global economy.