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Developing Factors within an Industries Cluster in Oman as a Regional Development

Listed author(s):
  • Ghazi Nasser AL ALAWI

    ()

    (Drake Circus, Plymouth PL4 8AA)

  • Atul MISHRA

    (Drake Circus, Plymouth PL4 8AA)

Registered author(s):

    The concept moves away from the conventional and traditional way of thinking about economic growth which is about huge investments and massive entrepreneurial activities coming from outside the region in contrast to the new idea that regional economic growth can emerge from within the region and small enterprises can make significant economic contribution to the country, regional location and individual. ‘The success of entrepreneurial clusters in recent decades, however, has challenged this wisdom, and now many policy makers state that they want their regions to be the next Silicon Valley' according to Aaron Chatterji et al, April 2013. And this project will very much highlight and examine the motivational forces and drives to foster an economic regional culture that will have a cumulative effect on the overall economic growth of Oman. In the words of Glaeser et al (2010): ‘The move away from smokestacks to small-scale entrepreneurship is understandable given the strong correlation between small establishment size and local economic development’. The line of thinking will be from the motivational perspective which itself is a very abstract, uncertain and at times vague concept and but holds the key to success, irrespective of empirical evidence.

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    File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2016_28AL_ALAWI_p237-248.pdf
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    Article provided by Spiru Haret University in its journal Published in Procedia of Economics and Business Administration.

    Volume (Year): 3 (2016)
    Issue (Month): 1 (October)
    Pages: 237-248

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    Handle: RePEc:icb:wpaper:v:3:y:2016:i:1:237-248
    Contact details of provider: Web page: http://icesba.eu

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    1. Glaeser, Edward L. & Kerr, William R. & Ponzetto, Giacomo A.M., 2010. "Clusters of entrepreneurship," Journal of Urban Economics, Elsevier, vol. 67(1), pages 150-168, January.
    2. Hector Rocha & Rolf Sternberg, 2005. "Entrepreneurship: The Role of Clusters Theoretical Perspectives and Empirical Evidence from Germany," Small Business Economics, Springer, vol. 24(3), pages 267-292, February.
    3. Swann, G. M. Peter & Prevezer, Martha & Stout, David (ed.), 1998. "The Dynamics of Industrial Clustering: International Comparisons in Computing and Biotechnology," OUP Catalogue, Oxford University Press, number 9780198289593.
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