• Corpus ID: 17684886

Clusters and the new economics of competition.

  title={Clusters and the new economics of competition.},
  author={Michael E. Porter},
  journal={Harvard business review},
  volume={76 6},
  • M. Porter
  • Published 1 November 1998
  • Economics
  • Harvard business review
Economic geography in an era of global competition poses a paradox. In theory, location should no longer be a source of competitive advantage. Open global markets, rapid transportation, and high-speed communications should allow any company to source any thing from any place at any time. But in practice, Michael Porter demonstrates, location remains central to competition. Today's economic map of the world is characterized by what Porter calls clusters: critical masses in one place of linked… 
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