Economic Development: Clusters

1. Select a Project about Clusters:  Select an Institution … Harvard Business School: Mapping and Meta-Study University of Toronto: MPI

Even in a globalized economy, geography can still enhance competitiveness. Harvard University Professor Michael E. Porter was one of the first to identify the important role of clusters, namely “geographic concentrations of interconnected companies, specialized suppliers, service providers and associated institutions in a particular field that are present in a nation or region.” Owing to geographic proximity, firms in a cluster often realize increased productivity and efficiencies.  Clusters bring together large and small firms, create useful linkages, and stimulate and enable innovations. Universities are often part of a cluster environment and are valued for the knowledge they generate and their professional and workforce development programs.