This paper examines the rapid growth of the polymer-based and biomedical clusters in Ohio and Sweden - two regions of similar size and with similar traditions undergoing similar industrial restructuring. <p>Two issues are addressed: First, why has growth been so strong in these particular clusters,...</p>

In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six "stylized" propositions that are essential elements of...