Localized creativity, small high-tech entrepreneurship, related innovation platforms, social capital embedded in dynamically open territorial communities and context-specific though continuously upgrading policy platforms are all means to face new challenges and to promote increased absorptive...

This paper brings together two related bodies of theory that assist understanding of processes of socio-technical system change on the global scale. These are, first, the Global Value Chain perspective (GVC) that has now mutated into Global Production Networks (GPN) and, more recently, Global...