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This book serves to define and promote the concept of smart specialization. As such, it is not only theoretical, but also presents a practical process performed in a specific country and the results thereof. It offers recommendations for activities of the European Commission regarding smart specialization processes in the future, and will appeal to policy makers, professionals who develop strategic documents, advisors, bridging organizations, and all who are involved in research and innovation, from professors to entrepreneurs.

Economic specialization

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Engineering --- Input-output analysis --- Economic specialization --- Engineering - Sweden --- Economic specialization - Sweden

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International economic relations --- Comecon --- Economic specialization --- Council for Mutual Economic Assistance.

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This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt's landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a 'firm' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised 'A Resource-Based View of the Firm' (1984), which have been updated and synthesized to provide precise and accessible concepts and predictions. By offering future directions for research and practice, this book will be of interest to students and scholars of management and economics alike.

Industrial organization (Economic theory) --- Economic specialization. --- Diversification in industry. --- Industrial diversification --- Product diversification --- Input-output analysis --- Barriers to entry (Industrial organization) --- Multiproduct firms --- Specialization, Economic --- Economics --- Division of labor --- Industrial economics --- Market structure --- Microeconomics --- Economic specialization --- Diversification in industry

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Drawing on a rich literature and case study material from selected industries, and elaborating on key concepts such as firms and competencies, industries and industrial systems, and competitiveness and prosperity, this book sets out to answer three broad research questions: * What is competition about in today's economy? * Why do geographical areas (local milieus, cities, regions, countries) specialize in particular types of economic activity, and why do patterns of specialization, once in place tend to be so tremendously durable? * How can high-cost regions in general and small in

Competition. --- Economic development. --- International economic integration. --- Regional economics. --- Regional economics --- Economic development --- Competition --- International economic integration --- Economic specialization