Climate change poses a serious challenge to social and economic development. Efforts to reduce greenhouse gas emissions need to move hand in hand with policies and incentives to adapt to the impacts of climate change. How much adaptation might cost, and how large its benefits might be, are...

Clusters of firms and related organizations in a range of industry specializations are a striking feature of the economic landscape in all countries. Their growth and survival depends on internal processes of specialization, cooperation and rivalry, and knowledge flows that underpin the...