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The Economics of Clusters - Lessons from the French Experience (Hardcover)
Loot Price: R2,554
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The Economics of Clusters - Lessons from the French Experience (Hardcover)
Series: Studies of Policy Reform
Expected to ship within 12 - 17 working days
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The development of clusters of economic activity is an important
feature of industrial policy. Industry clusters have long
fascinated economists and geographers alike, the most renowned
being Silicon Valley which is seen by many as the blueprint for
regional development, innovation, and growth. Several clusters have
also developed across Europe, including SiliconFen in Cambridge and
Minalogic in Grenoble, and in recent years cluster policies have
become popular among policy makers as a useful tool for informing
decisions on industrial, regional, and public policy. This book
looks at the mechanisms at work behind cluster dynamics, the gains
that can be expected from increased clustering, and the
determinants of cluster policies. Focusing on France, it provides a
theoretical and empirical study of clusters, their success and
failures, and the policy lessons that can be applied to the wider
international community. France is particularly interesting because
there is a long tradition of strong government intervention
regarding the location of economic activity, and cluster
initiatives are relatively unified across the country. This book
shows that, whilst gains from clusters do exist, some firms tend to
cluster too much and that spatial agglomeration is only successful
to a point, after which congestion effects can offset these gains.
It questions the need and the feasibility of cluster policies aimed
at interfering directly in the concentration process of firms, and
thus looks beyond the general enthusiasm for clusters.
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