Chapter

Conclusions: Local and Global Sources of Capitalist Diversity

Colin Crouch, Martin SchröDer and Helmut Voelzkow

in Innovation in Local Economies

Published in print April 2009 | ISBN: 9780199551170
Published online May 2009 | e-ISBN: 9780191720802 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199551170.003.0008
Conclusions: Local and Global Sources of Capitalist Diversity

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This chapter presents some concluding thoughts. It begins with a review of the objectives of the research project on which this book was based. It then discusses the findings of the case studies. It provides answers to the three questions raised in Chapter 1: Do governance structures of the local economies conform to the national innovation regime of their country, in which they are ‘embedded’, or do local economies institutionally diverge? Can it be shown that particularities in the governance of local economies contribute to the economic success of these entities? Does the divergence of local economies from structural patterns of the national innovation and production system enable us to suggest in which institutional elements local economies may successfully diverge from the national model and in which not?

Keywords: capitalism; case studies; complementarity; local economies; governance structures; innovation regime

Chapter.  8774 words.  Illustrated.

Subjects: Political Economy

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