Modern theoretical concepts in economic geography are used to try to explain the positive sides of geographical clustering of industries. Of the few theoretical concepts which are used to try to explain the negative sides of clustering, that is, the decline of old industrial areas, evolutionary...

Over time we can observe a dramatic global shift in shipbuilding activities, from Great Britain to Continental Europe to Japan to South Korea; most recently China is gaining ground. Every transition is accompanied by institutional and political reactions, leading to protectionism and trade...