Regional clusters in transition economies: solving institutional voids to generate internationalization advantages

Tine Lehmann and Nobina Roy

Chapter 5 in The Globalization of Regional Clusters, 2021, pp 105-126 from Edward Elgar Publishing

Abstract: Globalization and localization are intertwined current trends. Companies are under pressure to internationalize to keep up with global competition, but at the same time the importance of local knowledge and networks seems to be a paramount asset. This is true for companies in all kind of institutional environments. But how are these two trends intertwined from a company perspective in transition economies? How does the localization in a regional cluster in a transition economy affect a firms’ internationalization? We apply a qualitative approach to follow this research question, based on 23 interviews from Southeast European clusters. In contrast to previous research, which demonstrated that companies’ internationalization weakens local ties, we show that in transition economies clusters are a means to overcome local institutional problems and hence strengthen firms’ internationalization advantages.

Keywords: Economics and Finance; Geography; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2021
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