Recently I attended a Conference for the 40th Anniversary of the Cambridge Journal of Economics where a talk was given on “Industrial Districts, Organisation & Policy”. This article is a summary of some of the discussion from this talk as well as my further thoughts on extending Marshallian Industrial Districts to incorporate the internet.
What is a Marshallian Industrial District?
A Marshallian Industrial District is normally considered a clustering of firms in a similar industry operating from a certain geographic area. Being close to many other firms in the same industry allows a number of benefits, sometimes called benefits of agglomeration or Marshallian atmospheric externalities. [...]