Competitiveness, Localised Learning and Regional Development: Specialization and Prosperity in Small Open Economies (Routledge Frontiers of Political Economy)

Drawing on a rich literature and case study material from selected industries, and elaborating on key concepts such as firms and competencies, industries and industrial systems, and competitiveness and prosperity, this book sets out to answer three broad research questions: * What is competition about in today's economy? * Why do geographical areas (local milieus, cities, regions, countries) specialize in particular types of economic activity, and why do patterns of specialization, once in place tend to be so tremendously durable? * How can high-cost regions in general and small industrialized countries in particular sustain competitiveness and prosperity in an increasingly globally integrated world economy? This book points the way out of a dilemma created by recent industrial theory and policy: is it possible for countries which are not destined to be leading high-tech powers to take advantage of the current conjuncture of increasingly open-markets.

Peter Maskell is Professor in Regional Economics at Copenhagen Business School, Denmark. Heikki Eskelinen is an economist and Head of the Social Science Department at the Karelian Institute, University of Joensuu, Finland. Ingjaldur Hannibalsson is Associate Professor in Operations Management in the Faculty of Economics and Business Administration at the University of Iceland. Anders Malmberg is Associate Professor at the Department of Social and Economic Geography, Uppsala University, Sweden. Eirik Vatne is Professor in Economic Geography at the Norwegian School of Economics and Business Administration, Bergen, Norway.