IAS (Admin.) Mains Geography Models, Theories and Laws in Human Geography-Weber's Model of Industrial Location Study Material (Page 7 of 7)

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Other Major Industrial Theories: Adam Smith՚s Early Ideas on Industrial Location, Case Studies in Locational Theories

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Adam Smith՚s Early Ideas on Industrial Location

Adam Smith was an early economist who dealt with industrial location. In his famous “Wealth of Nations,” he suggests that manufacturing was introduced in a country in two ways:

  • Develop as an offspring of foreign trade through imitation of foreign manufacturing. This type of manufacturing would generally locate in coastal areas.
  • Develop because of surplus of production in inland regions. Initially, this surplus would not be exported due to high transport cost but would attract workers into the area. Workers would attain a higher standard of living and the market would …

… (224 more words) …

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