Agglomeration, Clusters and Entrepreneurship

Agglomeration, Clusters and Entrepreneurship

Studies in Regional Economic Development

New Horizons in Regional Science series

Edited by Charlie Karlsson, Börje Johansson and Roger R. Stough

Regional economic development has experienced considerable dynamism over recent years. Perhaps the most notable cases were the rise of China and India to emergent country status by the turn of the millennium. With time now for hindsight, this book identifies some of the key forces behind these development successes, namely agglomeration, clusters and entrepreneurship.

Chapter 10: Challenges and success factors in media cluster development: a review of contemporary knowledge

Leona Achtenhagen and Robert Picard

Subjects: business and management, entrepreneurship, economics and finance, economics of innovation, regional economics, innovation and technology, economics of innovation, urban and regional studies, clusters, regional economics

Extract

In recent years, supporting the formation of creative and media clusters has become an explicit part of cultural and media policymaking in many countries despite the fact that little is known about the factors contributing to media cluster success. Such policies typically aim at supporting existing clusters and stimulating the emergence of new clusters. One major reason for the current policy focus on creative and media clusters is the observation that creativity is a key engine of contemporary urban economic growth as well as the explosive growth of the creative sectors in terms of production output, employment and export trade (Howkins, 2001). Academically, media clusters are especially interesting as they primarily create non-physical goods and services (Picard, 2008). Thus they often do not benefit from a number of the advantages that have traditionally been ascribed to the cluster phenomenon. Instead, they typically combine local agglomerations of facilities and resources with a global (and mobile) network of specialized skills and creative inputs. Despite the policy attention paid to media cluster support and an increasing number of academic studies on media clustering, many aspects relevant to the phenomenon of media clusters remain poorly understood. As a first step in developing more robust knowledge on the phenomenon of media clusters, the aim of this chapter is therefore to take stock of what is known about media clusters and their formation today.

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