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Globalization, Innovation and the Strategic Management of Places

In: Innovation Clusters and Interregional Competition

Author

Listed:
  • David B. Audretsch

    (Indiana University
    Centre for Economic Policy Research (CEPR))

Abstract

Globalization and the telecommunications revolution have brought two developments that were largely unanticipated. The first is the (re-) emergence of the importance of regions and geographic proximity as important units of economic activity. That innovative activity has become more important is not surprising. What was perhaps less anticipated is that much of the innovative activity is less associated with footloose multinational corporations and more associated with high-tech innovative regional clusters, such as Silicon Valley, Research Triangle and Route 122. Only a few years ago the conventional wisdom predicted that globalization would render the demise of the region as a meaningful unit of economic analysis. According to The Economist,“The death of distance as a determinant of the cost of communications will probably be the single most economic force shaping society in the first half of the next century.” Yet the obsession of policy-makers around the globe to “create the next Silicon Valley” reveals the increased importance of geographic proximity and regional agglomerations.

Suggested Citation

  • David B. Audretsch, 2003. "Globalization, Innovation and the Strategic Management of Places," Advances in Spatial Science, in: Johannes Bröcker & Dirk Dohse & Rüdiger Soltwedel (ed.), Innovation Clusters and Interregional Competition, chapter 2, pages 11-27, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-24760-9_2
    DOI: 10.1007/978-3-540-24760-9_2
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    Cited by:

    1. Kristin Kronenberg & Kati Volgmann, 2014. "Knowledge-intensive employment change in the Dutch Randstad and the German Rhine-Ruhr area: comparable patterns of growth and decline in two metropolitan regions?," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 34(1), pages 39-60, February.
    2. Noman Arshed & Kamran Hameed & Asma Saher, 2024. "Role of Globalization and Education Defining the Incidence of Entrepreneurship," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 364-382, March.
    3. Susanne Mueller‐Using & Wieslaw Urban & Jan Wedemeier, 2020. "Internationalization of SMEs in the Baltic Sea Region: Barriers of cross‐national collaboration considering regional innovation strategies for smart specialization," Growth and Change, Wiley Blackwell, vol. 51(4), pages 1471-1490, December.

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