1. Cluster Theory & Competition
... and private investments. (Porter, 1998b, p.10) Porter's ideas are not entirely original. Perroux (1950) and Darwent (1969) highlighted the role of propulsive industries (made up of producers, suppliers, and other economic actors), which attract, focus and direct other economic resources. This is arguable an early understanding of clustering. Porter has nevertheless refined the subject in his various studies ... that clusters may indeed not require geographic proximity or may involve more than one industry (discussed shortly). Porter lists the required elements of a cluster as involving ...
- Word Count: 4507
- Approx Pages: 18
- Has Bibliography
- Grade Level: Undergraduate