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C/B/222. The Cambridge Phenomenon: Entrepreneurship, Innovation and Economic Geography

WORDS:
2500
DATE:
2005
PRICE:
29.99 GBP

This paper examines entrepreneurship, innovation and economic geography (the clustering of firms in a region) through an examination of the Greater Cambridge area. This area has experienced what has become known as the Cambridge Phenomenon in which thousands of high-tech firms have appeared, encouraging increasing amounts of external investment whilst producing exceptional growth and economic returns. The paper examines this area and the phenomenon in three steps. First, a detailed overview of the area is provided. Next, the theoretical development of entrepreneurship is briefly discussed and followed by a brief outline of how innovation fits with the notion of entrepreneurship. The bulk of the paper then examines how economic geography facilitates agglomeration advantages, resource advantages and knowledge advantages, encouraging firms to locate in such areas. It also helps to explain why they are so successful as a result.

 

KEYWORDS: cambridge, phenomenon, entrepreneurship, innovation, economic, geography,

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