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Innovation, Entrepreneurship, and the Economy in the US, China, and India by Harini Mittal, Zhijie Gao, Rajiv Shah

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Chapter 8

Industry and Market Structures, Industry and Regional Clusters

Abstract

We examine the role of industry and market structures as well as regional clusters that seem to play an important role in innovation. In the United States, regional clusters in the Silicon Valley in the Bay Area and Boston’s Route 128 are of legendary prominence. From an industry and market cluster perspective, we have seen the shift in the United States from innovation in traditional industries to the more technology- and software-oriented industries, as well as biotechnology, nanotechnology, pharmaceuticals, and energy. We discuss in this chapter these factors in China and India and compare them with those in the United States.

Keywords

High-technology industry ...

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