Knowledge Economies

Clusters, Learning and Cooperative Advantage

Nonfiction, Science & Nature, Science, Earth Sciences, Geography, Social & Cultural Studies, Social Science, Human Geography
Cover of the book Knowledge Economies by Philip Cooke, Taylor and Francis
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Author: Philip Cooke ISBN: 9781134712564
Publisher: Taylor and Francis Publication: September 10, 2002
Imprint: Routledge Language: English
Author: Philip Cooke
ISBN: 9781134712564
Publisher: Taylor and Francis
Publication: September 10, 2002
Imprint: Routledge
Language: English

This book traces the theoretical explanation for clusters back to the work of classical economists and their more modern disciples, who saw economic development as a process involving serious imbalances in the exploitation of resources. Initially, natural resource endowments explained the formation of nineteenth and early twentieth-century industrial districts. Today, geographical concentrations of scientific and creative knowledge are the key resource. But these require a support system, ranging from major injections of basic research funding, to varieties of financial investment and management, tothe provision of specialist incubators, for economic value to be realised. These are also specialised forms of knowledge that contribute to a serious imbalance in the distribution of economic opportunity.

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This book traces the theoretical explanation for clusters back to the work of classical economists and their more modern disciples, who saw economic development as a process involving serious imbalances in the exploitation of resources. Initially, natural resource endowments explained the formation of nineteenth and early twentieth-century industrial districts. Today, geographical concentrations of scientific and creative knowledge are the key resource. But these require a support system, ranging from major injections of basic research funding, to varieties of financial investment and management, tothe provision of specialist incubators, for economic value to be realised. These are also specialised forms of knowledge that contribute to a serious imbalance in the distribution of economic opportunity.

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