Document Type
Article
Publication Date
2015
College/Unit
Regional Research Institute
Department/Program/Center
Regional Research Institute
Abstract
In this address, I review industry clustering and diversification strategies to compare and contrast their underlying foundations. The lack of a consensus choice of one or the other for regional economic development strategies along with the recognition that in the dynamic process of development these two processes are related leads me to conclude that clusters and diversity need not be such strange bedfellows after all, and that a rational approach to economic development can leverage the strengths of each and offset weaknesses. I follow this discussion by introducing a cluster assessment diversification strategy (CADS) apparatus that can be used to measure existing cluster strength, identify industrial strengths and deficit bottlenecks, and explore the regional consequences of potential cluster diversification strategies.
Digital Commons Citation
Jackson, Randall, "Are Industry Clusters and Diversity Strange Bedfellows?" (2015). Faculty & Staff Scholarship. 759.
https://researchrepository.wvu.edu/faculty_publications/759
Source Citation
Jackson RW. Are Industry Clusters and Diversity Strange Bedfellows? The Review of Regional Studies. Volume 45, pages 113-129