Developing Factors within an Industries Cluster in Oman as a Regional Development

Ghazi Nasser Al Alawi () and Atul Mishra
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Ghazi Nasser Al Alawi: Drake Circus, Plymouth PL4 8AA
Atul Mishra: Drake Circus, Plymouth PL4 8AA

International Conference on Economic Sciences and Business Administration, 2016, vol. 3, issue 1, 237-248

Abstract: The concept moves away from the conventional and traditional way of thinking about economic growth which is about huge investments and massive entrepreneurial activities coming from outside the region in contrast to the new idea that regional economic growth can emerge from within the region and small enterprises can make significant economic contribution to the country, regional location and individual. ‘The success of entrepreneurial clusters in recent decades, however, has challenged this wisdom, and now many policy makers state that they want their regions to be the next Silicon Valley' according to Aaron Chatterji et al, April 2013. And this project will very much highlight and examine the motivational forces and drives to foster an economic regional culture that will have a cumulative effect on the overall economic growth of Oman. In the words of Glaeser et al (2010): ‘The move away from smokestacks to small-scale entrepreneurship is understandable given the strong correlation between small establishment size and local economic development’. The line of thinking will be from the motivational perspective which itself is a very abstract, uncertain and at times vague concept and but holds the key to success, irrespective of empirical evidence.

Keywords: entrepreneurial clusters; policy makers state; economic development (search for similar items in EconPapers)
JEL-codes: R11 (search for similar items in EconPapers)
Date: 2016
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