Clusters and their development

1. Introduction This report begins with a short background description of where the idea of industrial clustering came from and a summary of industry cluster characteristics. Next it outlines the potential advantages and disadvantages clusters provide regional economies. In conclusion, I will summarise by advising whether or not Development Agency should concentrate its resources on development of clusters. 2. Background More than hundred years ago Alfred Marshall came up with the idea that a success of national …showed first 75 words of 1573 total…

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