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Cited by 4,460

The DOI matches its Crossref record.

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

Porter, Michael E.·2000·Economic Development Quarterly
DOI 10.1177/089124240001400105
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Abstract

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 competition and the role of location in competitive advantage. Even as old reasons for clustering have diminished in importance with globalization, new influences of clusters on competition have taken on growing importance in an increasingly complex, knowledge-based, and dynamic economy. Clusters represent a new way of thinking about national, state, and local economies, and they necessitate new roles for companies, government, and other institutions in enhancing competitiveness.

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Metadata

Authors
Porter, M. E.
Venue
Economic Development Quarterly
Publisher
SAGE Publications
Published
2000-02
Volume
14
Issue
1
Pages
15-34
ISSN
  • 0891-2424 (ISSN-L)
  • 1552-3543
DOI
10.1177/089124240001400105
OpenAlex
W2101099210
Cited by
4,460
References
0
FWCI
97.62
Type
journal article
Language
en
Open access
closed

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