Unites the role that knowledge-creation plays in firm competitiveness with the importance of localized capabilities. The authors begin with the thesis that firms increasingly compete on innovation and generation of entrepreneurial rents than on cost-reduction. Essential to the ability to...

The benefits of an international division of labour is never illustrated more clearly than in small developed nations like Denmark. Without many natural resources such countries can never be self sufficient and they need access to foreign markets in order for their firms to specialise and...