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Clusters are
highly-evolved regional economic ecosystems that are productive, competitive,
and that innovate rapidly – they are constantly churning out new products and
services.
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Clusters are
complex systems with many feedback loops.
No one knows exactly how they come about. Anchor companies appear to be important early on in some
industries, spawning new life in the ecosystem: Hewlett-Packard in Silicon Valley, Nokia in Helsinki, Medtronic
in Minnesota.
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The term
“cluster” was first used by Michael Porter’s in his landmark study The
Competitive Advantage of Nations (1990).
Porter builds on the work of Albert Hirschman (1950s) on industrial
linkages and Alfred Marshall (early 20th century) on the role of
knowledge in industrial districts in the UK.
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Minnesota’s
medical device industry is one of Porter’s preferred models for showing how
clusters keep upgraded.
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