Even with globalization, industrial clusters are maintaining their importance in todays economy. With the decomposition of production we find that clusters are becoming focused on specific industries and stages of production. This paper analyzes two peripheral western countries, Finland and...

In the past two decades, many industrial districts have become more specialized in particular stages of production. Two related processes contribute to this specialization: globalization and fragmentation of production. Hence, this article asks the following question: Can an industry centered on...