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Industry Clusters: Is History Repeating Itself?

03 July 2013

The concept of clustering is a popular one the world over. It was introduced by Michael Porter, an economic expert and Harvard professor, who defined a cluster as the geographic concentration of inter-connected companies and institutions working in a common industry. 

Clusters encompass an array of collaborating and competing services and providers that create a specialised infrastructure, which supports the cluster’s industry. Clusters draw upon a shared talent pool of specialised, skilled labour.

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