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Creating Self-Sustaining, High-Skill Ecosystems

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  • Finegold, David
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    Abstract

    Geographic clusters of high-technology companies are an increasingly important source of wealth and job creation in the advanced industrial countries. This article provides a framework for understanding the conditions that give rise to these self-sustaining high-skill ecosystems (HSEs) that is based on the cases of the highly successful biomedical and computer hardware and software firms clustered in Northern and Southern California. The framework identifies four requirements that HSEs share in common with natural ecosystems: a catalyst to trigger the start of their development, on-going nourishment, a supportive host environment, and a high degree of interdependence among the actors in the system. The framework is then applied to the UK, identifying those policy options that are necessary for gaining greater returns from the UK's strong research base. Copyright 1999 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

    Volume (Year): 15 (1999)
    Issue (Month): 1 (Spring)
    Pages: 60-81

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    Handle: RePEc:oup:oxford:v:15:y:1999:i:1:p:60-81

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    Web page: http://oxrep.oupjournals.org/

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    Cited by:
    1. Jean Luc De Meulemeester & Claude Diebolt, 2011. "Education and Growth: What Links for which policy," ULB Institutional Repository 2013/147669, ULB -- Universite Libre de Bruxelles.
    2. David Marsden & Richard Belfield, 2009. "Institutions and the management of human resources: incentive pay systems in France and Great Britain," LSE Research Online Documents on Economics 25423, London School of Economics and Political Science, LSE Library.
    3. Francesca Froy, 2013. "Global policy developments towards industrial policy and skills: skills for competitiveness and growth," Oxford Review of Economic Policy, Oxford University Press, vol. 29(2), pages 344-360, SUMMER.
    4. Kuruvilla, Sarosh & Erickson, Christopher L. & Hwang, Alvin, 2002. "An Assessment of the Singapore Skills Development System: Does it Constitute a Viable Model for Other Developing Countries?," World Development, Elsevier, vol. 30(8), pages 1461-1476, August.
    5. Schwalje, Wes, 2011. "A Conceptual Model of National Skills Formation for Knowledge-based Economic Development," MPRA Paper 30302, University Library of Munich, Germany.
    6. Schwalje, Wes, 2011. "Knowledge-based Economic Development as a Unifying Vision in a Post-awakening Arab World," MPRA Paper 30305, University Library of Munich, Germany.
    7. Jose Maria Cubillo-Pinilla, 2003. "Entrepreneurship and performance around MNC affiliates," Economics Working Papers we033012, Universidad Carlos III, Departamento de Economía.

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