This article uncovers the role of financial clustering in creating competitive advantage forincumbents in the Singapore Financial Centre. The revelatory case of the underresearchedSingapore cluster reveals (a) how clustering conditions have influenced thedevelopment of the City as a financial...

This paper explores the sources of agglomeration externalities in enhancing firmperformance, in particular, the pecuniary externality that supports firms’ bottom line.The fundamental argument on increasing returns leads to the premise that cluster sizehas beneficial influence to firm...

Building on a recent groundbreaking OECD/World Bank seminar, this volume explores whether and how trade liberaliaation can contribute to achieving universal service goals and the types of complementary policies required. It focuses on experiences in four sectors: telecommunications, water and...