The authors study a number of important issues including interaction within and between clusters, the spatial dimensions and characteristics of this interaction, the factors which contribute to cluster formation, and the conditions and policies conducive to the development and sustainability of successful clusters. They also investigate whether firms in clusters perform better than those that are excluded, and illustrate how the importance of clusters can vary significantly between different industries. The authors go on to address the role of clusters in knowledge spillovers and their implications for the functioning of the overall economy, and highlight the effect of new information and communications technologies on cluster configurations and operations.

Regional economists, economic geographers and regional scientists will welcome this comprehensive new volume. It will also be a useful reference tool for policymakers and planners involved in industrial and regional economic development.