Thursday 28 July 2011

Industry clusters: The modern-day snake oil

In an article in the Washington Post, Vivek Wadhwa warns against the top-down risks of policy makers that try to build new clusters. What is overlooked according to him, is that innovation is about people and their connections.

This line of thinking is fully in line with my thoughts. Innovation is the result of actions of people, not of institutions and secondly new clusters cannot be planned and executed top-down by policy-makers themselves. Clusters only become successful if it is believed, shared by the relevant people who have to make it into a success.

See article here

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