Location, Competition, and Economic Development: Local Clusters in a Global Economy

  title={Location, Competition, and Economic Development: Local Clusters in a Global Economy},
  author={Michael E. Porter},
  journal={Economic Development Quarterly},
  pages={15 - 34}
  • M. Porter
  • Published 1 February 2000
  • Economics
  • Economic Development Quarterly
Economic geography during an era of global competition involves a paradox. It is widely recognized that changes in technology and competition have diminished many of the traditional roles of location. Yet clusters, or geographic concentrations of interconnected companies, are a striking feature of virtually every national, regional, state, and even metropolitan economy, especially in more advanced nations. The prevalence of clusters reveals important insights about the microeconomics of… Expand

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