The Role of Public Policy in Emerging Clusters

Bo Carlsson

in Cluster Genesis

Published in print November 2006 | ISBN: 9780199207183
Published online September 2007 | e-ISBN: 9780191708886 | DOI:
 The Role of Public Policy in Emerging Clusters

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The question asked in the last chapter concerns how to design a public policy in a non-deterministic, evolutionary, and highly complex world. That is, a world where the most desirable outcomes are unknown but there may be many possible acceptable outcomes, and where change is characterized by both path dependence and unpredictability. Based on the case studies previously presented, the conclusion is that policy interventions exaggerate the system characteristics in cluster policies at the expense of incentives on the level of individuals, potential entrepreneurs, and firms. Particularly in Europe, with its tradition of governmentally administrated and targeted policies, there is a risk of downplaying the role of individual initiatives in the creation of clusters.

Keywords: public policy; functions; intervention; entrepreneurs; institutions

Chapter.  5909 words. 

Subjects: Innovation

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