Driving growth and employment through logistics

Ever since British economist Alfred Marshall wrote about the importance of industry clusters in his classic 1920 book Principles of Economics, academics and policymakers have been trying to understand and nurture the ingredients that are essential to industrial success. In the late 1990s, business strategist Michael Porter argued that clusters make businesses more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea that once they seeded a cluster, good things would happen: Businesses would be drawn to the area and attract employees and more employers, and these activities would feed on themselves, leading to economic growth.


Source: http://sloanreview.mit.edu/the-magazine/2012-fall/54111/driving-growth-and-employment-through-logistics

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