[LOGISTICS]

Driving Growth and Employment Through Logistics

Logistics clusters create jobs that are difficult to move offshore and lead to economic growth in multiple sectors.

BY YOSSI SHEFFI

Ever since British economist Alfred Marshall wrote about the importance of industry clusters in his classic 1920 book Principles of Economics, academics and policymakers have been trying to understand and nurture the ingredients that are essential to industrial success. In the late 1990s, business strategist Michael Porter argued that clusters make businesses more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea that once they seeded a cluster, good things ...