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The Associational Economy: Firms, Regions, and Innovation
Kevin Morgan,Philip Cooke +1 more
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In this article, the authors propose a model for economic development, the associational model, as a third way between state planning and market-driven approaches to development, which correlates high capabilities in social interaction and communication, particularly in the forms of high trust, learning capacity, and networking competence, with the economic and social success of a firm.Abstract:
Proposes a model for economic development, the associational model, as a third way between state planning and market-driven approaches to development. The associational model correlates high capabilities in social interaction and communication, particularly in the forms of high trust, learning capacity, and networking competence, with the economic and social success of a firm. As the process of innovation becomes increasingly collaborative, this social capital can be decisive to the outcome. Because much collaboration involves tacit knowledge, that is, knowledge that has not been put into a tradeable or expressible form, successful collaboration requires personal interaction and shared experiences. Accordingly, the importance of less hierarchical corporate governance forms and local and regional milieux emerge. The consequence of these trends is the ascendancy of the region as the locus of learning and collaboration that drive innovation. Four regional case studies are presented: Baden-Wurttemberg, Emilia-Romagna, Wales, and the Basque Country. The final chapter traces the intellectual roots of the authors' study - the ideas of Schumpeter, Veblen, Marx, and Hayek - and concludes with a sketch of how an associational approach may be implemented by policy makers. (CAR)read more
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Journal Article
Editor's comments: IT and entrepreneurism: an on-again, off-again love affair or a marriage?
TL;DR: Van de Ven as discussed by the authors argues that advances in information technologies and the growth of a knowledge-based service economy are transforming the basis of technological innovation and corporate competition, and this transformation requires taking a broader, institutional and political view of information technology and knowledge management.
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Path Dependence and Financial Markets: The Economic Geography of the German Model, 1997–2003:
Gordon L. Clark,Dariusz Wójcik +1 more
TL;DR: In this article, the authors argue that the German model is hardly a model at all; it has a distinctive economic geography apparent in capital market structure and performance, and that the past is not the future: there is evidence of the adoption of financial practices and institutions consistent with the American model and inconsistent with the inherited German model.
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Key dilemmas of regional innovation policies
TL;DR: In this article, a critical discussion of theoretical and policy issues related to regional development and innovation policy is presented, drawing on the new regionalist perspective to examine regions from a strategic perspective and, in particular, the role of knowledge and learning, competitiveness and institutional capacity-building.
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Networking and Knowledge Transfer Between Research and Industry in Transition Countries: Empirical Evidence from the Slovenian Innovation System
TL;DR: In this article, the authors analyzed the innovation-relevant co-operation pattern between different kinds of research institutes and industry, and made the hypothesis that system transformation is not yet accomplished in Slovenia, and that the innovation system is still fragmented.