Geographical location in the information age: From destiny to opportunity?

This article argues for a possibly new significance of geographical location in the information age, a significance amounting to more than mere spatial anchoring, on the one hand, and to less and different than absolute destiny, on the other. Hence, we show a possible change in the significance of geographical location from destiny in the industrial age to potential opportunity in the information age, a transition which applies to geographical units (i.e. cities, regions) and to individuals. First we discuss geographical location as destiny in the industrial age for both geographical entities and individuals. Second, we highlight a transitional period spanning through the 1970s and 1980s during which geographical location lost much of its absolute nature, becoming more of an anchor. Third, we present a conceptual framework for geographical location possibly turning into opportunity in the information age, again for both geographical units and individuals. We demonstrate that this potential opportunity has only partially materialized by individuals in the international use of online shopping, showing that their adoption is wider in North America, and differentiated in Europe. We further demonstrate a partial dissemination of opportunities for cities and regions by focusing on FDI. Finally, in the fourth and concluding section, we briefly discuss pertaining policy issues for the enhancement of locational opportunities.