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Essay Details:
Essay text:
Competition can coexist with cooperation because they occur on different dimensions and among different players.
Why clusters are critical to competition:
they affect competition by 3 ways:
1. increasing the productivity of companies in the area.
2. driving the direction and pace of innovation which underpins future productivity growth.
3. stimulating the formation of new businesses which strengthens the cluster itself.
Clusters and productivity
companies that are in a cluster can operate more productively in sourcing inputs, accessing information, technology and institutions.
Why:
- Better access to employees and suppliers...
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