One-size-fits-all cluster policies have been rightly criticized in the literature. One promising approach is to focus cluster policies on the specific needs of firms depending on the stage of development (emergence, growth, sustainment or decline) their cluster is in. In this highly insightful book, these stage-specific cluster policies are analysed and evaluated. Moreover, several chapters also focus on smart specialization policies to promote regional development by taking into account the emergence and adaptation of clusters and industries. In so doing, the book contributes to a newly emerging literature on how the cluster life cycle concept can inform policies and how these policies differ from static approaches that ignore the dynamism of clusters. The underlying idea is to foster the ability of clusters to renew themselves and to generate new developmental paths, thus preventing stagnation and decline. This state-of-the-art exploration of smart specialization from a cluster life cycle perspective is an invaluable book for academics in the fields of economic geography, entrepreneurship, innovation, industrial economics, regional studies and cluster research. It will also appeal to regional policy makers and practitioners dealing with public policy. Contributors include: Y. Al-Saleh, B.T. Asheim, A. Auer, M. Benner, P. Cooke, D. Fornahl, J.K. Fosse, M. Fromhold-Eisebith, M. Grillitsch, R. Hassink, A. Isaksen, K. Koschatzky, H. Kroll, T. Lammer-Gamp, B. Lageman, S. Mahroum, R. Martin, G. Meier zu Koecker, J. Nordhause-Janz, R. Normann, R. Ramlogan, D. Rehfeld, M. Rothgang, E. Schnab, T. Stahlecker, F. Toedtling, M. Trippl, E. Uyarra, J. Vicente

Although clusters are regarded as important elements in economic development, the strong focus in the literature on the way clusters function is contrasted with a disregard for their evolutionary development: how clusters actually become clusters, how and why they decline, and how they shift into new fields and transform over time. Although recently new cluster life cycle approaches emerged, both empirical evidence and theoretical contributions on this topic are still limited. This book therefore contributes to broadening our knowledge on the life cycle and evolution of clusters both empirically and theoretically. It contains chapters on inter-firm relations as drivers of cluster transformation, as well as chapters on the heterogeneity of firms and firm capabilities during cluster evolution and on the role of institutions in stimulating the emergence and growth of clusters. Case-studies stem from different industries and technologies, such as biogas, film and television, new media and medical technologies, and from different countries, such as Sweden, Austria, Switzerland and South Korea. All chapters underline that cluster evolution does not only depend on internal dynamics, but that external relations are an integral part of cluster dynamics. This book was previously published as a special issue of European Planning Studies.

Although clusters are regarded as important elements in economic development, the strong focus in the literature on the way clusters function is contrasted with a disregard for their evolutionary development: how clusters actually become clusters, how and why they decline, and how they shift into new fields and transform over time. Although recently new cluster life cycle approaches emerged, both empirical evidence and theoretical contributions on this topic are still limited. This book therefore contributes to broadening our knowledge on the life cycle and evolution of clusters both empirically and theoretically. It contains chapters on inter-firm relations as drivers of cluster transformation, as well as chapters on the heterogeneity of firms and firm capabilities during cluster evolution and on the role of institutions in stimulating the emergence and growth of clusters. Case-studies stem from different industries and technologies, such as biogas, film and television, new media and medical technologies, and from different countries, such as Sweden, Austria, Switzerland and South Korea. All chapters underline that cluster evolution does not only depend on internal dynamics, but that external relations are an integral part of cluster dynamics. This book was previously published as a special issue of European Planning Studies.