During this recorded webinar, Prof. Van Assche identifies and describes for decision-makers the key changes in clusters.
- The conventional wisdom has been that knowledge spillovers occur within the geographic cluster, from the anchor firms in the cluster to smaller firms.
- This new research indicates that knowledge exchange with the cluster happens on a very limited basis, so that firms on the periphery of the cluster benefit less than anticipated.
- The innovation and business performance of a cluster depends on the ability of its top firms to tap into global knowledge networks with top firms in other clusters located elsewhere in the world. Unfortunately, that means the spillover effects are less likely to benefit as many firms within the individual cluster.
- Cluster proponents and decision-makers need to make sure that firms within the cluster build linkages with other top clusters elsewhere in the world, to tap into knowledge exchange found globally.
Ari Van Assche is associate professor of International Business at HEC Montreal, as well as research fellow at the research centers CIRANO and IRPP. He is deputy editor of the Journal of International Business Policy. He holds a BA and an MA in Chinese Studies from the Katholieke Universiteit Leuven and a PhD in Economics from the University of Hawaii at Manoa. His research focuses on the organization of global value chains and their implication for trade and industrial cluster policy. In 2018, he was co-recipient of the Doug Purvis Memorial Prize for his book Redesigning Canadian Trade Policy for New Global Realities (with Stephen Tapp and Robert Wolfe).