Abstract
Regional diversification is high on the scientific and political agenda. As many regions are currently facing economic decline due to the economic crisis, there is increasing awareness that there is a need to develop new economic activities, in order to compensate for losses in other parts of their regional economies. Economic geographers have raised the question how to develop new growth paths in regions over and over again, but this question has largely remained unanswered until recently (Scott 1988; Storper and Walker 1989; Martin and Sunley 2006; Simmie and Carpenter 2007). For instance, there is still little understanding of how old industrial regions may overcome structural problems, such as congestion, overspecialization, a bad image, and inflexible institutions, which, according to many, make them unlikely places for new industries to emerge. However, some do quite well, while others do not, but there is still little known what are the reasons behind that (Hassink 2005).
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Boschma, R. (2011). Regional Branching and Regional Innovation Policy. In: Kourtit, K., Nijkamp, P., Stough, R. (eds) Drivers of Innovation, Entrepreneurship and Regional Dynamics. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-17940-2_17
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