Obvious examples of clusters are the consumer

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Unformatted text preview: Obvious examples of clusters are the consumer electronics industry in Japan, and software and IT in California. It may also spread over a number of different countries, such as the boom in telecommunications industries in Finland and Sweden. Comparative advantage can disappear if the knowledge is lost, overtaken or exploited more efficiently elsewhere. For example, India has now become the world’s biggest software provider. See especially Michael Porter, The Competitive Advantage of Nations. THE IMPACT OF GLOBALIZATION There is evidence to suggest that poor countries which open themselves up to inward investment from international corporations become richer, and develop an infrastructure of benefit to the population as a whole. For developed economies, increased international competition can mean the rapid loss of thousands of jobs in industries such as coal mining, steel production, and ship-building. See the ProFile Student’s site: www.oup.com/elt/profile Off-shoring means that jobs in other industries are lost and are exported to other countries, which my be less concerned with social protection and safety cont...
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This note was uploaded on 12/12/2010 for the course RBS BCN taught by Professor Dekoe during the Spring '10 term at Rotterdam Business School.

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