Competitiveness, Localised Learning and Regional Development: Specialization and Prosperity in Small Open Economies (Routledge Frontiers of Political Economy)

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Drawing on a rich literature and case study material from selected industries, and elaborating on key concepts such as firms and competencies, industries and industrial systems, and competitiveness and prosperity, this book sets out to answer three broad research questions:
* What is competition about in today's economy?
* Why do geographical areas (local milieus, cities, regions, countries) specialize in particular types of economic activity, and why do patterns of specialization, once in place tend to be so tremendously durable?
* How can high-cost regions in general and small industrialized countries in particular sustain competitiveness and prosperity in an increasingly globally integrated world economy?
This book points the way out of a dilemma created by recent industrial theory and policy: is it possible for countries which are not destined to be leading high-tech powers to take advantage of the current conjuncture of increasingly open-markets.

Competitiveness, Localised Learning and Regional Development: Specialization and Prosperity in Small Open Economies (Routledge Frontiers of Political Economy) Review

Why Silicon Valley is in SF? And why many resional economics in developed country face economic depression? In resent, some famous professor has started to research to answer such a question. For instance, Paul Krugman who is international economist Michael E porter whose work on competitive strategy. There seem to be tow major concern. The first is that performance and development of firm to considerable extent seem to be influenced by conditions that prevail in its environment. Second is that economic entrepreneurial and innovative activities tend to agglomerate a certain places In this book, they focus on a set of issues related to the impact of geographical location on a firm fs ability create and sustain competitiveness in an era of increase economic globalization and thus, increased exposure to international competition. I am very interested in the point of view authors argue competitive advantage is not based on productivity. Their view is based on penrose (1959) and criticized Porter. They say competitive advantage is created only by diequlibrium quasi-rents, which is benefit from localized capability to create knowledge-core competence. So they emphasized on Knowledge creation and protection. And also do the relation form of firms. Authors said that in global, knowledge based economy the specialized labor in local and localized learning which is improve localized capability is the way to sustain competitive advantage in firms, regions, countries. And I think the improtance their argument is increasing developed countries

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