From the standpoint of economy, therefore, the localization of differentiated but functionally integrated work processes near sources of fuel was the mainspring of industrial urbanism.
We find that in China, the state plays a particularly important role in the growth of a financial center by providing favorable policies, creating localization economies, consolidating banks, and strengthening the city's power through state-owned enterprises.
Firms are attracted to industrial parks to derive and create economic benefit from localization economies such as increased ease of communication, access to a suitable labor pool, and facilities designed to fit their needs.
In terms of the Triple Helix, localizations are needed, for example, in order to retain wealth in the (local) economy from global knowledge; but globalization of the perspectives is also needed in order to make a knowledge-based economy.
These economies are based on localization: localization is their only raison d'être.
The analytical framework presented in this paper can be applied to other small, open (island or regional) economies with a food localization agenda, as it provides a more discrete and appropriate set of measurements, as well as offering the lessons gained through Hawai'i's experience and challenges in the data-collating process.
The Transition movement stands in contrast with preppers because it promotes a community-wide approach, and looks to solutions such as economic localization, a steady state economy, and permaculture.
Localization is finally localized.
Given the size of emerging markets like China and India, a high level of localization doesn't preclude economies of scale.
Author William Hickey, a long-time contributor to YaleGlobal Online, proposes a new paradigm of localization as a new way for Asian economies to achieve prosperity by simultaneously developing their natural resources, education systems, employment and local empowerment.
