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Innovation in Industrial Clusters: The Machine Tool Industry in Taichung and the Low-Voltage Electric Appliance Industry in Wenzhou

In: Cluster-Based Industrial Development

Author

Listed:
  • Tetsushi Sonobe
  • Keijiro Otsuka

Abstract

As was discussed in Chapter 1, industrial clusters have received attention from economic geographers. Since their main interests lie in the spatial dimensions of industrialization, the dynamic process of industrial development that takes place inside the clusters over time is not the main theme of their studies. While there are a group of economists who are interested in the role of industrial clusters in developing countries, their analyses do not generally cover the long-term development process of industrial clusters. One of the major themes of this study is to demonstrate that there are economic forces, which are endogenously generated in the process of cluster-based industrial development, that expand the opportunity to innovate, thereby accelerating the growth of the industry.

Suggested Citation

  • Tetsushi Sonobe & Keijiro Otsuka, 2006. "Innovation in Industrial Clusters: The Machine Tool Industry in Taichung and the Low-Voltage Electric Appliance Industry in Wenzhou," Palgrave Macmillan Books, in: Cluster-Based Industrial Development, chapter 6, pages 117-155, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59606-1_6
    DOI: 10.1057/9780230596061_6
    as

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