COMPETITION, TRUST, AND RECIPROCITY IN THE DEVELOPMENT OF INNOVATIVE REGIONAL MILIEUX

Niles Hansen

Papers in Regional Science, 1992, vol. 71, issue 2, 95-105

Abstract: ABSTRACT While economists have given considerable attention to the role of competition in economic matters, and rightly so, they have unduly neglected the positive economic roles of cooperation, trust, and reciprocity. The importance of the latter have become particularly evident in the context of the many geographically concentrated networks of enterprises that have formed in countries throughout the industrialized world. The general nature of these dynamic regions are briefly considered. Their origins are then examined in terms Of economic and technical factors, as well as in terms of historical, cultural, and social factors that reduce transaction costs and enhance innovation in relations among enterprises that not only compete, but that also often cooperate in ways suggesting that the regional milieu itself has an entrepreneurial character. Finally, the relevance of these arguments is illustrated by numerous concrete examples.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:71:y:1992:i:2:p:95-105

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