Five rules for creating cluster policy
Can you create something out of nothing in the world of cluster policy? Are subsidies and tax cuts really helpful in generating economic growth and attracting business in certain areas? Is it enough to try copying success stories in order to spurr cluster growth?
Aknowledging the importance of clusters for governments focusing on growing a region’s GDP and improving overall productivity, due to their capacity to generate innovation, jobs, and investment potential, the author of this interesting article, Jamison Steeve, Executive Director at Martin Prosperity Institute (MPI), Dalhousie University, Toronto, Canada, and the Institute for Competitiveness and Prosperity (ICP), offers an interesting insight in answering these questions and also several other readings sources referring to ICP recommendations to increase business attractiveness and facilitating the growth of strong clusters in the Ontario region, as well as a link to an interactive tool for Canadian Cluster Data.
Please find here the entire article, for an interesting reading.