Do specialized local clusters of small and medium-sized firms have a future in the global economy? The authors address this question with case studies of cities in France, Germany, Italy and the United Kingdom. They look at the machinery industries, former steel-producing cities trying to develop clusters in new activities and high-tech sectors. They find evidence of considerable vitality, often contradicting national stereotypes of how economies are organized.
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Do specialized local clusters of small and medium-sized firms have a future in the global economy? The authors address this question with case studies of cities in France, Germany, Italy and the United Kingdom. They look at the machinery industries, former steel-producing cities trying to develop clusters in new activities and high-tech sectors. They find evidence of considerable vitality, often contradicting national stereotypes of how economies are organized.
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