spatial fix
(en)
(in the context of capitalist crisis) avoiding the low-growth phase problem by exporting manufacturing to places with cheaper labour, thereby raising profits for a while
To avoid having to confront domestic resistance, which can be politically costly, policymakers might solve a crisis of over-accumulation by resorting to a 'spatial fix'--in other words, by opening up new consumer markets, labour markets and investment markets abroad.
notable
7 years ago