Information & communication technology (ICT) and the
automotive sector are two of the most important industries in the
EU and the US. The EU's eastern expansion and economic
globalization have reinforced competition on the one hand; on the
other hand the importance of outsourcing and off-shoring has
increased. Against this background the intensification of
innovation dynamics becomes crucial - and with them the role of
regional innovation clusters. The analysis examines seven regions
and six EU countries. The focus is on cluster and network dynamics
in both industries, as regional ICT clusters are playing an
increasingly central role in many European regions. Specialization
and structural change in the automotive sector are highlighted, and
new strategic approaches for multinational companies and changes in
policy options are identified.
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