Krugman: Manufacturing firms often stand or fall not just on their own merits, but because they do or don’t have a surrounding cluster of related firms that are suppliers or customers, provide a ready pool of suitable labor, and so on.
Tuesday, January 24, 2012
Industrial Ecology
A free market can fail to maintain the ecology needed for a manufacturing firm to thrive. At least, that is what I understand from this.
Subscribe to:
Post Comments (Atom)
