Suchergebnisse

AbstractTremendous changes in technology, political and social frameworks, as well as the impacts of globalization, have put pressure on countries to become competitive. One strategy for creating an engine of economic growth is the creation of clusters. These clusters, be they naturally or artificially conceived, hold the promise of becoming the economic weapons of a country. Many studies have been done to understand the factors behind the successes and failures of clusters. One of the reasons behind the inconsistent success of existing cluster policy frameworks in managing cluster performance is the fact that clusters often are at different levels of development, and it will require different strategies to create, enhance, and sustain their competitive advantage. This paper aims to propose and demonstrate a more holistic framework designed to understand key cluster dynamics that drives cluster performance, which then will enable policy makers to work toward ensuring sustainable cluster development.

Proposes that, arms length economic system (ALS) is not always appropriate for developing nations. The alternative of a relationship based system (RBS) which is often mistaken for crony capitalism as practiced in Malaysia is offered. Entrepreneurial spirit so fundamental to the development of an economy may be so lacking as to perish under an ALS yet be able to flourish under RBS. Explains three major aspects of how the Malaysian Economy was able to flourish under the RBS (1) the cultural reform of the majority indigenous group (2) the multi‐cultural cooperation between the economically superior Chinese and the less economically developed Malays and (3) The spill‐over effect from privatisation policies. Recognising the existence and legitimacy of an RBS as an economic model may offer a new approach towards poverty eradication and economic development of Third World countries.