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Cluster policy has become a method of choice for policymakers in many countries. Promoting strong localized industries is an appealing perspective for practitioners, as it can be seen as a way to anchor economic activity in regions in an era of globalization. If cluster policy is successful, it...
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We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period … potentially valuable lessons for China. The Asian giant moved from low income to middle income very quickly but now faces the … challenge of graduating to high income. In this paper, we empirically assess the main drivers of economic growth in China and …
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