Krugman, Paul. <br/><br/>
Integration, Specialization, and the Adjustment / 
Paul Krugman, Anthony Venables. 
 - Cambridge, Mass.  National Bureau of Economic Research  1993. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w4559 .
 - Working Paper Series (National Bureau of Economic Research)  no. w4559. .
<br/><br/> December 1993. 
<br/><br/> In the United States, many industries have a Silicon Valley-type geographic localization.  In Europe, these same industries often have four or more major centers of production.  This difference is presumably the result of the formal and informal trade barriers that have divided the European market.  With the growing integration of that market, however, there is the possibility that Europe will develop an American-style economic geography.  This paper uses a theoretical model of industrial localization to demonstrate this possibility, and to show the possible transition costs associated with this shift. 
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