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Changes in the international economy have gradually shifted the basis of industrial competitiveness from static price competition towards dynamic improvement, benefiting firms that are able to create knowledge faster than their competitors. The paper argues that proximity between firms plays an important role in interactive learning processes and that knowledge creation is supported by the institutional embodiment of tacit knowledge useful for particular classes of activity. Sustainable competitiveness requires the ongoing replacement of decrepit resources, the rebuilding of obsolete structures and the renewal of economically important national or regional institutions, when imitation gradually turns localised capabilities into global ubiquities. Oxford University Press « Previous | Next Article » Table of Contents This Article Camb. J. Econ. (1999) 23 (2): 167-185. doi: 10.1093/cje/23.2.167 » Abstract Free Full Text (PDF) Free Classifications Article Services Article metrics Alert me when cited Alert me if corrected Find similar articles Similar articles in Web of Science Add to my archive Download citation Request Permissions Citing Articles Load citing article information Citing articles via CrossRef Citing articles via Scopus Citing articles via Web of Science Citing articles via Google Scholar Google Scholar Articles by Maskell, P. Articles by Malmberg, A. Search for related content Related Content L10 - General O30 - General Load related web page information Share Email this article CiteULike Delicious Facebook Google+ Mendeley Twitter What's this? 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Cambridge Journal of Economics – Oxford University Press
Published: Mar 1, 1999
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