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Cluster GenesisTechnology-Based Industrial Development$
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Pontus Braunerhjelm and Maryann P. Feldman

Print publication date: 2006

Print ISBN-13: 9780199207183

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199207183.001.0001

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The Role of Public Policy in Emerging Clusters

The Role of Public Policy in Emerging Clusters

Chapter:
(p.264) 13 The Role of Public Policy in Emerging Clusters
Source:
Cluster Genesis
Author(s):

Bo Carlsson

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199207183.003.0013

The question asked in the last chapter concerns how to design a public policy in a non-deterministic, evolutionary, and highly complex world. That is, a world where the most desirable outcomes are unknown but there may be many possible acceptable outcomes, and where change is characterized by both path dependence and unpredictability. Based on the case studies previously presented, the conclusion is that policy interventions exaggerate the system characteristics in cluster policies at the expense of incentives on the level of individuals, potential entrepreneurs, and firms. Particularly in Europe, with its tradition of governmentally administrated and targeted policies, there is a risk of downplaying the role of individual initiatives in the creation of clusters.

Keywords:   public policy, functions, intervention, entrepreneurs, institutions

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