In the journal article below there is some indication that
much is still unknown about different types of industries clustering within the
same location. That is probably especially true for smaller cities. In the
article there is also a discussion on linkages which I have called in my work
transactions on a micro level and economic vines on a macro level. Vine as a
term being used in my work because resource gravitate toward areas where
they can find ROI returns. A little like a vine looking for water. What I have
been looking at are the micro transactions of such linkages and their ability
to be measured, understood and utilized to recreate/create clusters (Of course
this is a theoretical discussion).
In this example the author is using seemingly different industries such as metal manufacturing and
medical engineering located in the same geographical area. What I'm
thinking about in my learning example are industries like wood products,
entertainment/arts/tourism, quality of life, geography, metal production, ship
building, etc. and how they interrelate to enhance the
whole from a local/regional economic health standpoint. The article provides
some insight on how that might work, and the factors involved.
Further, one might wonder whether co-complementary industries create economic resilience under various market factors/pressures. Many industries share similarities in root infrastructure, digital infrastructure, and basic skills and so on that are shared among each other. These mutual factors could allow some industries to grow and decline without necessarily impacting total local economic/community health.
The core cluster inputs, and infrastructure stays intact to generate value for local residents and investors under a variety of economic environmental conditions. This occurse because of the way industries/businesses may hedge around the same basic structure. This economic resilience is becoming more important in the world of globalization where environments shift regularly leaving some industries and communities on shaky ground.
This paper is interesting because they provide a method for mapping clusters of businesses/industries in the same area. I have done something similar in my studies and when you can also connect what factors each of the businesses share within industries and cross industries it is possible to break them down into the specific factors that governments/industry/communities can utilize to enhance multiple industries at once. This be a much more effective method of redirecting resources to maximize outcomes at a less costly/wasted level. If we better know where to invest our resources or point resources then we are much more likely to make a positive impact with less expenditure. This can further a sustainable economy.
Co Located Cluster of Different Industries
What I have Learned: 1. Different kinds of industries can exist in the same cluster and 2. there are methods of evaluating cluster performance around key shared transactional factors. While I already knew this, the research provides excellent depth.
As a side note, I'm about 2/3 done with a manuscript on some
basic concepts I am working on publishing in a scientific journal. It won't be groundbreaking
in and of itself. However, there will be multiple publishing’s outlining the
key points of the research. Further, I'm working on a book and need to finish
another chapter on why various entities collaborate to create clusters and then
lots of proofreading to ensure it turns out better then my quick scribblings here. It will also be more of an intro to some ideas and will
require multiple small book publications.