TECHNOLOGICAL LIFE CYCLES: REGIONAL CLUSTERS FACING DISRUPTION

The phenomenon of technological life cycles is argued to be of great importance in the development of regional clusters. New 'disruptive' technologies may initiate the emergence of new regional industrial clusters and/or create new opportunities for further development of existing ones. However, they may also result in stagnation and decline of the latter. The term disruptive refers to such significant changes in the basic technologies that may change the industrial landscape, even in the shorter run. The paper examines the key features of a regional cluster, where the economic development patterns are quite closely related to the emergence of new key technologies.

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