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In advanced nations such as the United States,
many of the most important influences on competitiveness are
found at the regional level. Regional economies are
specialized, with each region exhibiting competitiveness in a
different mix of industry clusters. Clusters are a
geographically proximate group of interconnected companies and
associated institutions in a particular field, including
product producers, service providers, suppliers, universities,
and trade associations.
Measuring the performance and
competitive strength of regional economies has been difficult
because clusters have not been systematically identified and
mapped across all U.S. regions. To address this challenge,
Professor Porter and his team have launched the Cluster
Mapping Project to define clusters statistically and create
objective, detailed profile of regional economies across the
United States. Economies are analyzed at various geographic
levels, including states, economic areas, and metropolitan
areas. The data presented on this site particularly focus on
the Greater New Jersey Region and its component sub-regions.
The data presented for these regions is divided into
three broad categories: overall regional economic performance,
composition of the regional economy, and cluster
competitiveness. The data can be used to identify the
most important clusters in the region's economy, compare the
region's cluster position versus other regions, understand the
drivers of the region's relative wages, employment growth, and
formation of new establishments, and assess the region's
patenting performance.
For
further reading on these concepts please refer to chapter 7,
Clusters and Competition: New Agendas for Companies,
Governments, and Institutions, in Prof. Porter's
On
Competition.
For in-depth examples of the application of data and concepts
from this project, please see the regional reports of the
Cluster of Innovation Initiative.
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